XLE & Oil
Super El Niño May Soften Winter Energy Squeeze
Readthrough summary
A meteorologist on a UBS call said the current El Niño is the strongest since the 1950s and should bring a warmer-than-normal winter to the northern U.S., Europe and parts of Asia, which could ease heating demand while supplies are tight. He warned that short, severe cold snaps are still possible, most likely in late January or early February.
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