The Oil Price is All About ONE Number Right Now
There is only ONE number in the oil price saga that’s important to investors. It’s the same number the Saudis are tracking.
That is: how much did US oil production increase in the last week.
That number is released every Wednesday morning at 10:30 EST in the weekly EIA (US Energy Information Administration) put out by the US government.
Investors can find that data right here-the direct link is:
Weekly US Oil Production Increase
If you’d like to view updated data please visit the link above.
You may download a PDF version of this chart here: US oil-production-chart