Michael Lynch president of Strategic Energy & Economic Research in Winchester Massachusetts
Oil Climbs as U.S. Stockpiles Point to Tightening Supply Picture
published Jun 5, 2018, 2:44:38 PM, by Jessica Summers (Bloomberg) — Oil rose for the first time in four sessions as traders braced for a U.S. government report that’s expected to show sliding domestic crude stockpiles. Futures rose 1.2 percent in New York on Tuesday. Twelve of the 13 analysts
Gasoline Surges, Oil Steady as Harvey Shuts Texas Refineries
published Aug 27, 2017 5:19:41 PM, by Jessica Summers (Bloomberg) —Gasoline surged and oil was steady as flooding from Tropical Storm Harvey inundated refining centers along the Texas coast, shutting more than 10 percent of U.S. fuel-making capacity. Front-month gasoline futures jumped as much as 6.8 percent while oil added
Oil Retreats as Investors Look for Signs of OPEC Deal Compliance
published Aug 7th 2017, 12:18 pm, by Jessica Summers and Nico Grant (Bloomberg) —Oil fell as investors sought reassurance that the world’s largest oil producing countries are complying with their supply-cut deal. Futures slid as much as 2.1 percent in New York. Russia and Kuwait were said to meet producers
The Daily Prophet: We’re All Oil Traders Now as Crude Sets Pace
published Mar 14th 2017, 3:30 pm, by Robert Burgess (Bloomberg View) — Once again, global markets were paced by oil. Crude slumped for a seventh straight day to trade below $48 a barrel at one point, dragged lower this time by reports that Saudi Arabia raised its production back above