Crude
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Started by metmike - July 25, 2018, 11:15 a.m.

From Reuters:

U.S. crude inventories down 6 million barrels: EIA


https://www.reuters.com/article/us-usa-oil-eia/u-s-crude-inventories-down-6-million-barrels-eia-idUSKBN1KF21H

Crude inventories USOILC=ECI fell by 6.1 million barrels in the week to July 20, compared with analysts’ expectations for a decrease of 2.3 million barrels.

Gasoline stocks USOILG=ECI fell by 2.3 million barrels, compared with analysts’ expectations in a Reuters poll for a 713,000-barrel drop.

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell by 101,000 barrels, versus expectations for a 207,000-barrel increase, the EIA data showed.

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Crude still in an uptrend, up a tad at the moment

Crude 3 month chart

                   


Crude1year chart below


                   


Crude 5 year chart below

                   


Crude10 year chart below

               

                   
Comments
Re: Crude
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By metmike - July 25, 2018, 11:25 a.m.
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Unleaded Gasoline Price Charts: Uptrend on longer term price chart......bull flag short term(or top?)

3 month                 

                   


1 Year                

                   


5 year........are we headed back to the highs?
                   


10 Year                

                   
                        
July 3, 2018, 11:52 a.m.
metmike

                


Re: Re: Crude
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By metmike - July 25, 2018, 11:27 a.m.
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 Here are the gas prices at the pump:

USA National Gas Price Heat Map from Gas Buddy:

https://www.gasbuddy.com/GasPriceMap?z=4




By metmike - July 27, 2018, 11:54 a.m.
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Crude is down a bit mid morning Friday.


Here's one technical outlook view:

WTI Crude Oil and Natural Gas Forecast July 27, 2018


https://www.youtube.com/watch?v=G9Fxc-stH-U