Blog by Doc Watson

October newsletter

September 25th, 2015

OIL UP....SUPPLY DOWN?  SIGN OF THE TIMES?

A report from the U.S.A. Energy Information Administration showed crude inventories fell by 2.1 million barrels in the last week.  Oil output from shale producers is down at a $40 a barrel   price and has slowed the shale producers to a standstill.  So the stockpiles are moderating, but the oil market remains oversupplied.  

The Real Estate mar ...