Thursday, March 17, 2016

March 17, 2016 -- Part II

On March 4, 2016, I wrote: once the price of oil starts moving, it tends to move quickly.

From today's market action; all times EDT:

11:32 a.m.:


One hour later, 12:35 p.m.:

Two hours later, 2:53 p.m.:

Near market close, 3:25 p.m.:


Talking heads suggest price of oil is "surging" due to weakness of the dollar. To some extent. Perhaps. Call me Thomas.

Stories I will come back to later:
Tweeting now: US oil output last week averaged 9.06 million b/d, -10,000 b/d vs. previous week and -351,000 b/d YOY.

Gasoline demand:

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Unlike her 9-year-old sister (Olivia), Sophia now loves to have her photograph taken. She says "cheese" when the camera comes out and she loves watching videos of herself. Notice the "NASCAR Pose Of Confidence." 

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