Weekly Energy Update
Weekly Energy Update (November 19, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (N.B. Due to the Thanksgiving Day holiday, the next report will be published on December 3.) Here is an updated crude oil price chart. Positive news on a vaccine for COVID-19 led to a strong rally this week, taking prices to the upper end… Read More »
Weekly Energy Update (November 13, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. Positive news on a vaccine for COVID-19 led to a strong rally this week, taking prices to the upper end of the current trading range. Commercial crude oil inventories rose 4.3 mb when a 2.0 mb… Read More »
Weekly Energy Update (November 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. After dipping below the $37.00/$42.00 range, prices have returned to that band. A key reason is that OPEC+ is considering additional production restrictions. Commercial crude oil inventories fell 8.0 mb when a 2.0 mb build was… Read More »
Weekly Energy Update (October 29, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. Prices remain rangebound but are testing the lower boundary of the range. Commercial crude oil inventories rose 4.3 mb when a 1.5 mb build was expected. The SPR declined 0.7 mb; since peaking at 656.1 mb… Read More »
Weekly Energy Update (October 22, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. Prices remain rangebound. Commercial crude oil inventories fell 1.0 mb when a 2.0 mb build was expected. The SPR declined 0.8 mb; since peaking at 656.1 mb in July, the SPR has drawn 16.5 mb. Given… Read More »
Weekly Energy Update (October 16, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. Prices remain rangebound. Commercial crude oil inventories fell 3.8 mb when a 2.0 mb decline was expected. The SPR declined 1.2 mb; since peaking at 656.1 mb in July, the SPR has drawn 15.3 mb. Given… Read More »
Weekly Energy Update (October 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. The recent dip in prices remains, although we are seeing some recovery. Commercial crude oil inventories rose 0.5 mb when a 1.2 mb decline was expected. The SPR declined 8.8 mb; since peaking at 656.1 mb… Read More »
Weekly Energy Update (October 1, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. The recent dip in prices remains, although we are seeing some recovery. Crude oil inventories fell when a build was expected. Commercial stockpiles declined 2.0 mb compared to forecasts of a 2.0 mb rise. The SPR… Read More »
Weekly Energy Update (September 24, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. The recent dip in prices remains, although we are seeing some recovery. Crude oil inventories fell a bit less than expected. Commercial stockpiles declined 1.6 mb compared to forecasts of a 2.8 mb decline. The SPR… Read More »