What’s on the Energy Calendar for Oil and Gas Traders This Week?

Important events on the energy calendar 

The US energy sector contributed to ~6.3% of the S&P 500 (SPY) (SPX-INDEX) on May 12, 2017. Crude oil and natural gas are major parts of the energy sector. The earnings of oil and gas producers like Noble Energy (NBL), ExxonMobil (XOM), Sanchez Energy (SN), and Goodrich Petroleum (GDP) depend on crude oil (ERY) (ERX) (FXN) and natural gas (UNG) (UGAZ) prices. For the latest updates on crude oil prices, read part one and part four of this series.

What’s on the Energy Calendar for Oil and Gas Traders This Week?

Oil and 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, May 16:

Wednesday, May 17:

Thursday, May 18:

Friday, May 19:

  • Baker Hughes will release the US crude oil rig count.
  • Baker Hughes will release the US natural gas rig count.

In the next part, we’ll take a look at the crude oil market’s highs and lows in the last 15 months.