5 Things To Watch In Friday’s Oil-Supply Report

July 30, 2015 6:16 PM

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5 Things To Watch In Friday’s Oil-Supply Report

The EIA forecast in early July that production peaked in April and fell by 50,000 barrels a day in May. If that’s confirmed, it could be a signal to traders that production is definitely headed lower in the second half of the year.

The EIA is able to revise its monthly data for as many as two years, based on new information from state-level agencies. Last month’s report showed April production at a 44-year high of 9.7 million barrels a day. If output levels from past months are revised higher, that could weigh on the oil-futur...

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