Oil prices at 7 year high after longest string of weekly gains on record, Focus on Fracking, Commenter and Blogger RJS Oil prices rose for a record 9th consecutive week…

…. . applying our oil exports to offset oil supplies from imports to determine our effective trade in oil, we find there was a net import average of 1,567,000 barrels of oil…

…week’s 255,000 barrel per day decrease in our overall crude oil inventories left our total oil supplies at 965,712,000 barrels at the end of the week, our lowest total oil inventory level since…

…record 2,090,000 barrels per day during the prior week…using our oil exports to offset oil supplies from imports to determine our effective trade in oil, we find there was a…

…oil data from the US Energy Information Administration for the week ending May 6th indicated that after another drop in our oil exports, another oil withdrawal from the SPR, and an increase…

…week…applying our oil exports to offset oil supplies coming from imports to get our effective trade in oil, we find there was a net import average of 2,607,000 barrels of per day…

…our oil exports, another oil withdrawal from the SPR, and an increase in demand that could not be accounted for, we had to pull oil out of our stored commercial crude supplies for the 2nd time…

RJS: Focus on Fracking Summary: US oil exports at a 26 month high with SPR at a 34½ year low & US oil supplies at a 17 year low; total oil + products inventories at a 13½…

RJS: Focus on Fracking ________ Summary: US oil supplies at an 18 year low, SPR at a 36 year low, total oil + oil products supply at a 13½ year low. _________ Detail: The Latest US…

…of total oil + product exports at a record high and leads to total oil + products supply at a 13½ year low total oil + product supplies at a…