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Energy Brief 337

Good Morning my good friends, it’s the Friday before the Independence Day Holiday and we’re at the peak demand point of the year for crude oil and the refined products. Estimates are for a record number of auto’s hitting the highways heading to their favorite vacation spots this weekend and next week. Be safe and watch those On-Highway fuel prices, they have resisted the big move in crude, but I expect to see them pop! Adding to the upward pressure…

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Energy Brief 336

Good Wednesday morning my friends, its hot in Dallas, so hot we’re cooking up the energy markets, even after a monumental draw in the API estimates for crude oil. Last nights API report showed a massive 9.2 million barrel draw in crude oil inventories, at a time when the Canadian company Syncrude goes off line costing refineries 350,000 barrels per day! I’ve been preaching for years about what moves markets; appreciably. I have said it always takes a major fundamental…

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Energy Brief 335

Good Tuesday morning my friends, it’s a beautiful day here in DFW, but it’s going to really get cooking, much like the energy markets. Confusion abounds as today we get the API report from the industry Assn on inventories and of curse tomorrow is the EIA report. Believe it or not, we’re half way through the year and we’ve seen prices run up as high as $71.84 and now trending back to $68.08 on yesterday’s close. SO, we’re having a…

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