Energy Reports

Weekly Energy Update (May 12, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices have been volatile over the past few days.  A number of factors have been at play. However, the chart suggests a price range is developing between $100 to $110 per barrel. (Source: Barchart.com) Crude oil inventories unexpectedly rose 8.5 mb compared to… Read More »

Weekly Energy Update (May 5, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF It appears oil prices are attempting to create a trading range between $105 to $95 per barrel.  That may hold until the SPR release is complete. (Source: Barchart.com) Crude oil inventories unexpectedly rose 1.3 mb compared to a 0.2 mb draw forecast.  The SPR… Read More »

Weekly Energy Update (April 28, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF It appears oil prices are attempting to create a trading range between $105 to $95 per barrel.  That may hold until the SPR release is complete. (Source: Barchart.com) Crude oil inventories unexpectedly rose 0.7 mb compared to a 0.3 mb draw forecast.  The SPR… Read More »

Weekly Energy Update (April 21, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices did break out of a descending triangle, which is bullish, but for the most part, we look for prices to be rangebound for the next six months during the SPR withdrawal. (Source: Barchart.com) Crude oil inventories unexpectedly fell 8.0 mb compared to… Read More »

Weekly Energy Update (April 14, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices appear to be settling into a trading range. (Source: Barchart.com) Crude oil inventories rose 9.4 mb compared to an unchanged forecast.  The SPR declined 3.9 mb, meaning the net build was 5.5 mb. In the details, U.S. crude oil production is unchanged… Read More »

Weekly Energy Update (April 7, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices remain volatile, moving on war news.  The SPR release will likely be bearish for prices.  Technically, the oil chart appears to have a descending triangle, which is often a bearish pattern. (Source: Barchart.com) Crude oil inventories rose 2.4 mb compared to a… Read More »

Weekly Energy Update (March 31, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices remain volatile, moving on news regarding the Russia-Ukraine war. (Source: Barchart.com) Crude oil inventories fell 3.4 mb compared to a 2.2 mb draw forecast.  The SPR declined 3.0 mb, meaning the net draw was 6.5 mb. In the details, U.S. crude oil… Read More »

Weekly Energy Update (March 24, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After falling last week, oil prices have moved steadily higher on continued tensions in Ukraine. (Source: Barchart.com) Crude oil inventories fell 2.5 mb compared to a 0.5 mb draw forecast.  The SPR declined 4.2 mb, meaning the net draw was 6.7 mb.  The withdrawal… Read More »

Weekly Energy Update (March 17, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices have fallen to near pre-invasion levels.  The initial rally was driven by short covering, and price volatility has reduced market participation. (Source: Barchart.com) Crude oil inventories unexpectedly rose 4.3 mb compared to a 1.6 mb draw forecast.  The SPR declined 2.0 mb,… Read More »

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