2019 Energies Outlook

The outlook for 2019 energies seems rather bearish. The horrendous year for crude oil and the over production of natural gas appear to have brought both markets down to a value zone. After an atrocious 4th quarter we saw crude plummet, but beginning 2019 this low brings a strong value level. USLD prices were able to find support from U.S. distillate stock levels and we expect crude oil prices to provide lift here early in 2019. Much like crude oil, RBOB gas ended 2019 on a bad note, but the early 2019 rally of U.S. stocks could lift prices in the 1st quarter. Natural gas levels have opened 2019 near the lows they hit in 2018. However, the decrease in trade tension with China could lead to a boost in prices

  • World production

  • COT

  • Supply vs. demand

  • Fundamental changes

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