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Home > Oil Prices Daily > Oil and Gas Market Report 2/7/17 – Oil Prices Drop; EIA Build Expected
Podcast: Oil Prices Daily
Episode:

Oil and Gas Market Report 2/7/17 – Oil Prices Drop; EIA Build Expected
Category: Business
Duration: 00:09:20
Publish Date: 2017-02-07 15:13:58
Description:

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News Links:

Oil Prices Daily Newsletter for 2/7/17

The general perception is that OPEC is cutting production, which is supporting prices, but high stock levels, rising rig counts and growing U.S. production are capping gains.

+Oil extends losses as gasoline weighs down prices – Reuters

…a vastly oversupplied gasoline market as providing major downward pull on crude values.

+Oil prices lower on stronger dollar and supply concerns – WSJ

+Iran oil minister says OPEC output cut should be extended into second half – Reuters

+Oil’s promised land slips away on OPEC leaks – Bloomberg

+Oil markets on a knife edge despite 91 percent OPEC compliance – Nasdaq

 

EIA Expectations:

Andrew Lebow from Commodity Research Group has shared his expectations for the EIA report with us:

Crude up 2.4
Distillates down 0.4
Gasoline down 0.6
Refinery Runs down 0.8%

For more analysis and charts of today s oil price movements, visit the Oil Prices Daily Newsletter for 2/7/17

 

EKT Interactive Learning Resources:

Oil and gas podcast network includes:

Oil 101 A Free Introduction to the Oil and Gas Industry

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