Oil & Gas Market Update (podcast) - Feb 16

[dan_s]

Here's the link to the podcast: https://youtu.be/Ka4VyTf2kNs

The most recent podcast is always on the EPG website home page. You can watch it directly from our website.

Something I should have mentioned in the podcast >>> I watched the CME podcast after the market closed yesterday. They pointed out that over the last 20 years the period from mid-February to mid-March is when oil prices increase the most. It makes sense because refiners will need more feed stock because demand for transportation fuels spikes each spring.

Also, note that the front month for WTI (March) closed very close to the high for the day ($55.87/bbl) and moved a few cents higher in after hours trading. The April NYMEX contract for WTI closed at $56.20. Go here to see the strip: https://www.cmegroup.com/trading/energy ... crude.html

You can find the CME daily podcast on the right side of the link above.