I'm still waiting to hear from the CME to see if yesterday's volume in crude oil options is a record.. I think it is... 434,879 traded with a very
Record natural gas in storage… EIA
Here is the chart: From Today in Energy (http://www.eia.gov/todayinenergy/): "Inventories have been relatively high throughout the year,
Atlanta GDP Now at +3.3…
The Atlanat Fed's nowcast for GDP Q3 was continually revised downward... Yesterday's retail sales data bumped up its estimate for Q4 a bit: "The
The “credible OPEC agreement” oxymoron…
Oil prices have traded down to around $43 which is right on an area of technical support... Can it hold here? Here is the chart from
World Supply/Demand Balance… EIA
The EIA's Short Term Energy Outlook, released last week, shows a world oil market reaching supply/demand balance in the third quarter of 2017: Do
This Week in Petroleum… EIA
The EIA's weekly stocks report released on Wednesday showed a 2.4 million build in oil stocks: However, gasoline, distillate and "other oils"