This week’s key data for the oil and gas industry shows a small rebound in U.S. oil production after months of declines. While U.S. crude stocks continue to fall, we notice a small build in gasoline stocks as refinery runs continue to increase. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, June 10, 2016 Oil prices closed and opened above $50 per barrel this week, the first time that has happened in 2016. The highest supply outages in years have rapidly shrunk the global surplus, providing bullish momentum to WTI and Brent. Prices fell back on Friday due to a stronger dollar, however, and speculators also appeared willing to pocket some profits and take a breather on the rally. Some Canadian oil production is coming back online but the fundamentals continue to […]