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Barchart
Barchart
Andrew Hecht

Energy in Q3- Lower Prices and Seasonality in Q4?

Oil Natural Gas Nymex United States Ethanol Coal Barchart

I concluded my Q2 Barchart report on the energy sector with the following:

While the situation in the Middle East has calmed since the ceasefire between Israel/the U.S. and Iran, the region remains a tinderbox. Any hostilities over the coming weeks and months could cause sudden rallies in the crude oil, oil product, and natural gas futures markets due to supply concerns. As China is a leading consumer of crude oil, improvements in China’s economy could boost demand, supporting prices.  

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