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What's Affecting Oil Prices This Week (October 7, 2019)?

The week ahead will see trade negotiations between the U.S. and China recommencing and a lack of progress would be highly detrimental to prices.

Dry gas production rose by 0.74 Bcf/d to average at 92.95 for the report week. The rise in production comes after two consecutive weeks of declines.

The biggest threat to demand continues to be the U.S.-China trade war.

Stratas Advisors expects an increase of 99 Bcf into reported storage this week.

Flooding in east Texas impeded some refinery activity and slowed shipments through the Houston Ship Channel.

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