The energy sector contributed to ~6.5% of the S&P 500 (SPY) (SPX-INDEX) on March 17, 2017. Oil and gas producers’ earnings such as Noble Energy (NBL), Chevron (CVX), Carrizo Oil & Gas (CRZO), and PDC Energy (PDCE) depend on crude oil (ERX) (ERY) (IXC) and natural gas (UGAZ) (DGAZ) (UNG) prices. For the latest updates on crude oil prices, read Part 1 and Part 4 of this series.
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Crude oil and natural gas prices are driven by catalysts such as inventories and supply and demand data. Let’s take a look at some important events for the energy sector this week:
Tuesday, March 21:
Wednesday, March 22:
Thursday, March 23:
Friday, March 24:
In the next part, we’ll take a look at the crude oil market’s highs and lows in the last 12 months.