Advisor Perspectives updates data from the Department of Transportation to show total vehicle miles traveled and as a population adjusted series...
Libya and DUCs… Bloomberg
Reasons for weakness in crude from Bloomberg: "Another factor feeding trader angst is a rise in the number of drilled-but-uncompleted wells in
U.S. refineries running at record-high levels…. EIA
Some good charts from the EIA in Today in Energy:
Inflation has not yet followed lower unemployment in America… The Economist
"Excluding food and energy, prices are only 1.5% higher than a year ago; the Fed’s inflation target is 2%. But Ms Yellen thinks unemployment is below
Crude oil options implied volatility chart, updated…
Here is a chart of WTI crude oil implied volatility through and including Friday, June 16th... The series is based on implied vol of the at the money,
Days supply for crude oil, gasoline, distillates… EIA
I like looking at energy stock levels in context with demand... Below are charts showing "days supply" (or stocks divided by daily demand) for crude
Oil Market Report Summary… IEA
The IEA's monthly Oil Market Report was released yesterday... Here are some highlights (my bold): "Based on our current numbers, assuming stable
Gasoline’s Unusual Summer Stockpile Surge… Bloomberg
Laura Blewitt, Bloomberg, gets right to the point: "Gasoline inventories are moving in the wrong direction this summer, rising the most in the
Hedge funds remain cautious on oil…Reuters
From John Kemp, Reuters: "Hedge funds remain cautious on the outlook for oil prices despite confident statements from Saudi Arabia that global oil