Weekly Energy Update
Weekly Energy Update (March 23, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil decisively broke its recent $72-$82 per barrel trading range. Problems in the banking sector are raising fears of a global economic slowdown. Classic technical analysis would suggest that the former support at $72 will become resistance; in other words, this level will… Read More »
Weekly Energy Update (March 16, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil decisively broke its recent $72-$82 per barrel trading range. Fears of recession, exacerbated by widespread banking problems, weighed heavily on oil prices. (Source: Barchart.com) Crude oil inventories rose 1.6 mb on forecast. The SPR was unchanged. In the details, U.S. crude oil… Read More »
Weekly Energy Update (March 9, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil remains in a trading range between $72-$82 per barrel. (Source: Barchart.com) Crude oil inventories fell 1.7 mb compared to a 1.9 mb build forecast. The SPR was unchanged. In the details, U.S. crude oil production declined 0.1 mbpd to 12.2 mbpd. Exports… Read More »
Weekly Energy Update (March 2, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil remains in a trading range between $72-$82 per barrel. (Source: Barchart.com) Crude oil inventories rose 1.2 mb compared to a 1.8 mb build forecast. The SPR was unchanged. In the details, U.S. crude oil production was unchanged at 12.3 mbpd. Exports rose… Read More »
Weekly Energy Update (February 23, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil remains in a trading range between $72-$82 per barrel. (Source: Barchart.com) Crude oil inventories rose 7.6 mb compared to a 2.0 mb build forecast. The SPR was unchanged. In the details, U.S. crude oil production was unchanged at 12.3 mbpd. Exports rose… Read More »
Weekly Energy Update (February 16, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices appear to have based but so far have failed to break above resistance at around $80-$82 per barrel. (Source: Barchart.com) Crude oil inventories rose a whopping 16.3 mb compared to a 2.0 mb build forecast. The SPR was unchanged. In the… Read More »
Weekly Energy Update (February 9, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices appear to have based but so far have failed to break above resistance at around $80-$82 per barrel. (Source: Barchart.com) Crude oil inventories rose 2.4 mb compared to a 2.0 mb build forecast. The SPR was unchanged. In the details, U.S.… Read More »
Weekly Energy Update (February 2, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices appear to have based but so far have failed to break above resistance at around $80-$82 per barrel. (Source: Barchart.com) Crude oil inventories rose 4.1 mb compared to a 1.0 mb draw forecast. The SPR was unchanged. In the details, U.S.… Read More »
Weekly Energy Update (January 26, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices appear to have based but so far have failed to break above resistance at around $80-$82 per barrel. (Source: Barchart.com) Crude oil inventories rose 0.5 mb compared to a 3.0 mb draw forecast. The SPR was unchanged. In the details, U.S.… Read More »