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A monthly energy markets preview highlights an October 24 Canadian trade reform summit excluding the US, plus upcoming US GDP data and the natural gas injection season. Trade tensions and GDP growth are cited as key market drivers.
Trade friction and the outlook for US economic growth can shift energy demand and currency moves that affect agricultural export flows.
perspectives.se.comOct 12, 2018After 12 past neutral trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (33% higher; middle half -3.6% to +0.9%), and +1.2% over 20.
After 17 past neutral trade events, Natural Gas moved a median -0.6% over 5 sessions (47% higher; middle half -4.7% to +1.5%), and -4.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
