When looking at this week’s key figures from the oil and gas industry, we can see that U.S. average gasoline prices are still rising while crude stockpiles rising and imports are slightly up. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, May 20, 2015 Oil prices bounced around this week, flirting with $50 per barrel but stopping short of that key threshold. The major supply outages in Nigeria (now at 900,000 barrels per day) and Canada (more than 1 million barrels per day) continue to put upward pressure on oil prices as they are erasing the supply overhang. Still, much of that will be temporary. The EIA poured a bit of cold water on the rally this week, reporting a surprise uptick in oil stocks. At the same time, U.S. production continues to slowly erode. The markets are more confident than at […]