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This Week’s Energy Calendar for the Crude Oil and Gas Market

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Updated

Important events on the energy calendar 

Let’s take a look at some important events for the energy sector this week:

Wednesday, September 7:  

  • API’s (American Petroleum Institute) Crude Oil Inventory report
  • EIA’s (U.S. Energy Information Administration) Short-Term Energy Outlook report

Thursday, September 8:

Friday, September 9:

  • Baker Hughes’s US crude oil rig count. See part six of this series for more information.
  • Baker Hughes’s US natural gas rig count
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Impact on crude oil prices, stocks, and ETFs 

All of these events influence crude oil prices. Volatility in crude oil prices impacts the earnings of oil and gas producers such as Northern Oil & Gas (NOG), Comstock Resources (CRK), Swift Energy (SFY), and Triangle Petroleum (TPLM). These factors also impact funds such as the iShares Global Energy (IXC), the DB Crude Oil Double Short ETN (DTO), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), the United States Oil ETF (USO), the Energy Select Sector SPDR (XLE), and the iShares US Oil Equipment & Services ETF (IEZ).

In the next part, we’ll take a look at the crude oil market’s peaks and lows in 2016. Let’s start with US crude oil prices during early morning trade on September 5, 2016.

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