HomeInvestingTrading ToolsEnergy Market Outlook Ahead Of Summer Driving Season

Energy Market Outlook Ahead Of Summer Driving Season

Crude oil (/CL), natural gas (/NG), and propane are at short-term lows, notes Tucker Perkins. He discusses the energy market outlook ahead of the summer driving season. He asks if we are on the precipice of a recession or are we waking up? He talks about if demand continues to increase, it could outpace supply. He goes over how OPEC+ maintains 2023 oil production targets, as Saudi Arabia is to voluntarily cut 1M BPD. He also highlights expectations for energy prices this summer. He talks about how natural gas prices will rise if we experience excess heat this summer. Tune in to find out more about the stock market today.

The Watch List

08 Jun 2023

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