4 Sep

What Might Influence Energy Prices This Week?

WRITTEN BY Rabindra Samanta

Key energy events

On September 4–7, the events listed below could impact oil and natural gas prices.

What Might Influence Energy Prices This Week?

The EIA’s latest crude oil and natural gas inventory data are scheduled to be released on September 6. The data could be an important short-term driver for oil and natural gas prices.

Energy stocks and ETFs

Energy stocks respond to long-term changes in oil and natural gas prices. However, energy stocks are also impacted by movements in energy prices in the short term.

On August 24–31, Murphy Oil (MUR), EQT (EQT), and Apache (APA) have returns of -1.8%, -0.3%, and 0.8%, respectively. During the same period, US crude oil October futures rose 1.6%, while natural gas October futures rose 0.1%.

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and the Energy Select Sector SPDR ETF (XLE) invest in energy stocks. Any changes in oil and natural gas prices are expected to influence XOP and XLE. XOP and XLE had returns of 0.7% and -0.1% in the week ending on August 31.

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