U.S. natural gas futures rose by 8% on June 11, 2024. Additionally, U.S. crude futures increased by $1 to $78.9 on June 12, 2024, with WTI Crude Oil approaching the $79 handle. The rise in crude futures is accompanied by U.S. crude imports reaching their highest level since 2018, according to the Energy Information Administration (EIA). The strong imports have driven a surprise build in crude stock and an increase in fuel inventories.
Strong imports drive surprise crude stock build, fuel inventories also rise, EIA says https://t.co/F30gCJ1Wbv https://t.co/pA6eSNtEtN
US CRUDE IMPORTS RISE TO HIGHEST SINCE 2018 - EIA.
WTI Crude Oil Eyeballing $79 handle
⚠️ US CRUDE FUTURES RISE BY $1 TO $78.9
US CRUDE FUTURES RISE BY $1 TO $78.9
⚠️ U.S. NATURAL GAS FUTURES UP 8%
U.S. NATURAL GAS FUTURES UP 8%