Energy Reports
Weekly Energy Update (July 16, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. The oil market has stabilized at higher levels after April’s historic collapse. Crude oil inventories reversed last week’s unexpected rise, with stockpiles falling 7.5 mb compared to forecasts of a 1.8 mb draw. The SPR added… Read More »
Weekly Energy Update (July 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart. The oil market has stabilized at higher levels after April’s historic collapse. Crude oil inventories rose well above market expectations, with stockpiles rising 5.3 mb compared to forecasts of a 3.0 mb draw. The SPR added 0.6 mb… Read More »
Weekly Energy Update (June 25, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA (NB: Due to the upcoming Independence Day holiday, the next report will be published on July 9.) Here is an updated crude oil price chart. The oil market has stabilized at higher levels after April’s historic collapse. Crude oil inventories rose less than market expectations, with… Read More »
Weekly Energy Update (June 18, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart. The oil market has stabilized at higher levels after April’s historic collapse. Crude oil inventories were mostly in line with market expectations, with stockpiles rising 1.2 mb compared to forecasts of a 0.8 mb draw. The SPR added… Read More »
Weekly Energy Update (June 11, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart. The oil market continues to recover after April’s historic collapse. Crude oil inventories surprised the markets again, with stockpiles rising 5.7 mb compared to forecasts of a 3.0 mb draw. The SPR added 2.2 mb this week. In… Read More »
Weekly Energy Update (June 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart. The oil market continues to recover after April’s historic collapse. Crude oil inventories surprised the markets for the fourth straight week with stockpiles falling 2.1 mb compared to forecasts of a 3.0 mb build. In the details, U.S.… Read More »
Weekly Energy Update (May 29, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Due to the Memorial Day holiday, the DOE data was delayed until yesterday. Thus, our report was delayed as well. Here is an updated crude oil price chart. The oil market continues to recover after April’s historic collapse. Crude oil inventories surprised the markets for the… Read More »
Weekly Energy Update (May 21, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart. The oil market continues to show signs of recovery. One interesting development has been in open interest. Open interest is the number of open contracts in a futures market. Most of the time, the highest open interest in… Read More »
Weekly Energy Update (May 14, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart. The oil market continues to show signs of recovery. Crude oil inventories surprised the markets by falling 0.7 mb compared to the forecast rise of 5.0 mb. In the details, U.S. crude oil production fell 0.3 mbpd to… Read More »