Confluence Investment Management Weekly Energy Update (May 26, 2022)

By Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices have been mostly holding steady this week. Crude oil inventories fell 1.0 mb compared to a 2.1 mb draw forecast. The SPR declined 6.0 mb, meaning the net draw was 7.0 mb. In the details, U.S. crude oil...