Oil & Energy

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EIA reported a draw in Crude of  7195kbbl, a draw of 263kbbl Cushing. and a builds in  gasoline. US production unchanged at 11,000 mbpd, off record high of 13.10 mbpd. Futures are reacting to OPEC comments and risk off and production cut moves.

The U.S took off 1 oil rigs out of service as U.S.oil production roses 500kbpd to fall to 11100kbpd. US Natural Gas rigs were unchanged. Canadian oil rigs fell 1, natural gas rigs fell 3.

Natural gas futures were lower after bigger than expected build of +120 Bcf in natural gas storage last week. The  focus is on warm weather and the coronavirus effect on reopening, LNG and Mexican exports and the winter outlook for the US.

EIA reported a build in Crude, with a 991kbbl draw at at Cushing. Builds in distillate and gasoline. US production rose 500 kbpd to 11,000 mbpd, off record high of 13.10 mbpd. Futures are reacting to OPEC comments and risk off and production cut moves.

Natural gas futures were steady after an as expected build of +85 Bcf in natural gas storage last week. The  focus is on warm weather and the coronavirus effect on reopening, LNG and Mexican exports and the winter outlook for the US.

EIA reported a build in Crude, with a 2608kbbl draw at at Cushing. Builds in distillate and gasoline. US production fell again to 10,600 mbpd, off record high of 13.10 mbpd. Futures are reacting to OPEC comments and risk off and production cut moves.

The OPEC Monthly Oil Market Report (MOMR) for June released Wednesday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

The U.S took 7 oil rigs out of service as U.S.oil production continues to fall to 11100kbpd. US Natural Gas rigs rose 5. Canadian oil rigs were unchanged,natural gas rigs rose 1

Natural gas futures were steady after an as expected build of +93 Bcf in natural gas storage last week. Ahead The Critobal impact and  focus on weather and the coronavirus effect, LNG and Mexican exports and the winter outlook for the US.

EIA reported a build in Crude, with a big build in Gulf Coast and a 2279kbbl draw at at Cushing. Builds in distillate and gasoline. US production fell again to 11,100 mbpd, off record high of 13.10 mbpd. Futures are reacting to OPEC comments and risk off and production cut moves.

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