Daily Archives: September 22, 2015

Sunday Morning Note (Sept. 20, 2015) …

Sunday Morning Note ...As usual, we start this week’s note with last week’s data.

On the oil side, last week near term prices largely remained stable from the week before, and while longer term prices last week drifted downward somewhat from the previous week, they nevertheless continued to remain ahead of where they were a month ago, reflecting continuing confidence that oil prices will recover after the current supply overhang dissipates.

Here is the chart reflecting the closing prices this past Friday (an explanation of the source of the data is here) : Continue reading