Energy Price Hub

Daily updates 06/05/2023

U.S. Natural Gas On track to snap a 5-day losing streak as traders cover short positions after testing the strength of downside technical support. The Jul-2023 contract is currently 4.0 cents higher at $2.198.
U.S. Weather The 6-10 day forecast is calling for above-normal temperatures to stretch from the Midwest to the Northwest, with below-normal temperatures in the East, South Central, and Southwest.
U.S. Dollar Pressing higher as today's strong jobs report could open the door for the Federal Reserve to continue to tighten monetary policy.
Oil Tracking higher with equity markets as upbeat labor market data bolstered the outlook for economic growth and demand. The Jul-2023 WTI contract is currently $1.64 higher at $71.74.
Equity Markets Soaring higher after the Labor Department reported a much higher-than-expected 339,000 jobs were created during May.
Geopolitics U.S. and European Union officials met at their Trade and Technology Council in Sweden to find agreement over China's economic practices and disinformation.

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