This Week’s Key Energy Events
The API (American Petroleum Institute) crude oil inventory data this week could be an important driver for US crude oil (USO)(USL)(UCO) prices. Because the market expects an increase in the US refinery utilization rate, we could see lower US crude oil commercial stockpiles.
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US GDP data could also be crucial for US crude oil as well as natural gas (UNG)(BOIL) prices. This week, the EIA’s (US Energy Information Administration) natural gas inventory data could decide the path of natural gas prices, like it did last week.
For more updates on the energy sector, visit our Energy and Power page.