Weekly Energy Update
Weekly Energy Update (June 24, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are moving steadily higher in an orderly fashion. (Source: Barchart.com) Crude oil inventories fell 7.6 mb compared to the 3.5 mb draw expected. The SPR fell 1.7 mb, meaning without the addition from the reserve, commercial inventories would have declined 9.3 mb.… Read More »
Weekly Energy Update (June 17, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are moving steadily higher in an orderly fashion. (Source: Barchart.com) Crude oil inventories fell 7.4 mb compared to the 2.0 mb draw expected. The SPR fell 0.9 mb, meaning without the addition from the reserve, commercial inventories would have declined 8.2 mb.… Read More »
Weekly Energy Update (June 10, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices have moved above the $60 to $68 per barrel trading range and are testing $70 per barrel. (Source: Barchart.com) Crude oil inventories fell 5.2 mb compared to the 3.3 mb draw expected. The SPR fell 1.3 mb, meaning without the addition from… Read More »
Weekly Energy Update (May 27, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (Due to staff vacation schedules, the next report will be published on June 10.) Oil prices continue to trade in a range from $60 to $68 per barrel. (Source: Barchart.com) Crude oil inventories fell 1.7 mb compared to the 1.0 mb draw expected. The… Read More »
Weekly Energy Update (May 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices continue to trade in a range from $58 to $68 per barrel. (Source: Barchart.com) Crude oil inventories rose 1.3 mb compared to the 2.0 mb build expected. The SPR fell 1.9 mb, meaning without the addition from the reserve, commercial inventories would… Read More »
Weekly Energy Update (May 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Tightening supplies have lifted crude oil prices toward the top of the recent trading range. (Source: Barchart.com) Crude oil inventories declined 0.4 mb compared to the 1.8 mb build expected. The SPR fell 1.4 mb, meaning without the addition from the reserve, commercial inventories… Read More »
Weekly Energy Update (May 6, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Tightening supplies have lifted crude oil prices toward the top of the recent trading range. (Source: Barchart.com) Crude oil inventories declined 8.0 mb compared to the 2.0 mb draw expected. The SPR fell 1.0 mb, meaning without the addition from the reserve, commercial inventories… Read More »
Weekly Energy Update (April 29, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After the recent rally in prices, the market is consolidating recent gains and establishing a larger trading range between $68 to $58 per barrel. (Source: Barchart.com) Crude oil inventories rose 0.1 mb compared to the 1.0 mb draw expected. The SPR fell 1.4 mb,… Read More »
Weekly Energy Update (April 22, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After the recent rally in prices, the market is consolidating recent gains and establishing a larger trading range between $68 to $58 per barrel. (Source: Barchart.com) Crude oil inventories rose 0.6 mb compared to the 3.4 mb draw expected. The SPR fell 0.7 mb,… Read More »