Why Energy Commodities Rose Last Week – Market Realist

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DBOUSOtechnical buying and a weaker US dollarUUPa fall in US crude oil productiondistillate inventoriesa small rise of 0.1 MMbbls (million barrels) in crude oil inventoriesA fall in oil rigs could be positive for oil bulls.UNGBOILHot and humid weather forecasts drove natural gas prices higher last weekthis week, the weather could be milderrate of inventory addition was higher despite hot and humid weatherA small rise in the natural gas rig count and only a marginal fall in the oil rig count is still a concern for natural gas pricesSPYDIAXLEOIHAMLPXOPXLEXLF