Phillip Streible breaks down the tightening supply and demand picture for WTI Crude Oil futures, highlighting a 4 million barrel inventory draw and gasoline stockpiles falling significantly below the five-year average. He discusses the geopolitical impacts of the U.S.-Iran ceasefire breakdown and the continued closure of the Strait of Hormuz, which is keeping 15% of global crude flows off the market. Streible also shifts focus to Natural Gas futures, analyzing seasonal demand dynamics and the upcoming EIA storage report, where markets are expecting an 86 billion cubic feet injection.
Learn more about trading futures and options at CME Group:
https://www.cmegroup.com/markets/energy.html
#CrudeOil #NaturalGas #EnergyMarkets
Learn more about trading futures and options at CME Group:
https://www.cmegroup.com/markets/energy.html
#CrudeOil #NaturalGas #EnergyMarkets