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Energy Brief 256

Good Wednesday “Hump-Day” my friends. There’s lots going on so let’s get at it. We took some profits yesterday, but are still remaining strong as last night’s API report showed crude oil inventories grew by 933,000 barrels with gasoline adding 1.9 million barrels with the distillates adding 1.4 million. Slow growth is the rule of the day in this market and it will continue for the balance of this year. Now er must watch the economy and the value of…

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Energy Brief 255

Good Tuesday Morning my good friends, its drizzling again here and we’re expecting storms later today. Are there storms ahead for the energy world? Many believe there are, I for one, believe we’re on the upside for a bit. It appears the industry writers (most of them are out of this country) are back focusing on US inventories and production. Each week we’re in the same boat, the analysts talk-up US production, then the inventory estimates come out and markets…

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Energy Brief 254

Good Monday Morning my friends, after nearly 10 inches of rain, I’m ready for some sunshine, maybe this afternoon. We’re still a little in the fog with our markets as well. Remember when March futures falls off on Thursday, we’re officially in the drive season, better fill up in short order. What’s driving our markets over the weekend and early this am was comments by the Saudi’s with their intent to keep production cuts intact after the current agreement with…

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