{"id":5895,"date":"2019-07-12T13:36:12","date_gmt":"2019-07-12T17:36:12","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=5895"},"modified":"2019-07-12T13:38:58","modified_gmt":"2019-07-12T17:38:58","slug":"monthly-newsletter-july-2019","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/es\/monthly-newsletter-july-2019\/","title":{"rendered":"Monthly Newsletter July 2019"},"content":{"rendered":"\n\n\n
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Monthly Newsletter: July 2019<\/span><\/h2>\n
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By Rachel Poole and Joel Fingerman<\/h2>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Fundamentos<\/h3>\n
The DOE reported Total Crude Oil Inventories decreased by 12.8 million barrels to 469.6 million barrels for the week ending June 21, 2019, while the expectations average was for a 2.5 million barrel draw. The DOE report was bullish for crude prices as the report draw was significantly larger than expectations. This occurred because of the drop in crude imports, lower US oil production, record crude exports, and higher crude runs. Prices jumped up 75 cents with the release of the report but fell back during the remainder of the trading day, ending the day up about $1.25. The potential supply interruptions in the Middle East, US-China trade war issues, and OPEC supply cuts are also supporting higher prices.<\/div>\n
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Chart 1<\/strong><\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n

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