Weekly Energy Update

Weekly Energy Update (September 22, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure on recession fears. (Source: Barchart.com) Crude oil inventories rose 1.1 mb compared to a 1.9 mb build forecast.  The SPR declined 6.9 mb, meaning the net draw was 5.8 mb. In the details, U.S. crude oil production was… Read More »

Weekly Energy Update (September 15, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure on recession fears. (Source: Barchart.com) Crude oil inventories rose 2.4 mb compared to a 2.5 mb build forecast.  The SPR declined 8.4 mb, meaning the net draw was 6.0 mb. In the details, U.S. crude oil production was… Read More »

Weekly Energy Update (September 1, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (The Weekly Energy Update will not be published next week.  The report will return on September 15th) Crude oil prices remain under pressure on fears of a deal with Iran and weakening economic growth. (Source: Barchart.com) Crude oil inventories fell 3.3 mb compared to… Read More »

Weekly Energy Update (August 25, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure on fears of a deal with Iran and weakening economic growth. (Source: Barchart.com) Crude oil inventories fell 3.3 mb compared to a 2.5 mb draw forecast.  The SPR declined 8.1 mb, meaning the net draw was 11.4 mb.… Read More »

Weekly Energy Update (August 18, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure on fears of a deal with Iran and weakening economic growth. (Source: Barchart.com) Crude oil inventories fell 7.1 mb compared to a 0.3 mb build forecast.  The SPR declined 3.4 mb, meaning the net draw was 10.2 mb.… Read More »

Weekly Energy Update (August 11, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices have broken support but appear to be basing around $88 per barrel. Crude oil inventories rose 5.5 mb compared to a 1.0 mb draw forecast.  The SPR declined 5.3 mb, meaning the net build was 0.2 mb. In the details, U.S. crude oil… Read More »

Weekly Energy Update (August 4, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices are testing long-term support near $90 per barrel for crude oil. (Source: Barchart.com) Crude oil inventories rose 4.5 mb compared to a 1.5 mb draw forecast.  The SPR declined 4.7 mb, meaning the net draw was 0.2 mb. In the details, U.S. crude… Read More »

Weekly Energy Update (July 28, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF It appears that oil prices are settling into a broad trading range between $125 and $95 per barrel. (Source: Barchart.com) Crude oil inventories fell 4.5 mb compared to a 1.5 mb draw forecast.  The SPR declined 5.6 mb, meaning the net draw was 10.1… Read More »

Weekly Energy Update (July 21, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF It appears that oil prices are settling into a broad trading range between $125 and $95 per barrel. (Source: Barchart.com) Crude oil inventories fell 0.5 mb compared to a 1.0 mb draw forecast.  The SPR declined 5.0 mb, meaning the net draw was 5.5… Read More »

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