In the week starting on March 26, 2018, Sanchez Energy (SN) decreased from $3.31 to $3.11—a decrease of more than 6.0%.

In the week starting March 5, 2018, Bill Barrett (BBG) increased from last week’s close of $4.53 to $4.76 on March 6.

March US crude oil futures were above their 100-day, 50-day, and 20-day moving averages on January 26, 2018—more bullish momentum for oil prices.

Analysts expect that Cushing crude oil inventories could have declined on January 5–12, 2018. A fall in Cushing inventories is bullish for oil prices.

On January 3, public protests continued for the sixth consecutive day in Iran. The protests against the government are due to weak economic conditions.

US distillate inventories rose by 1.1 MMbbls (million barrels) to 129.9 MMbbls from December 15 to 22, per the EIA. Inventories rose 0.8% week-over-week but declined by 21.6 MMbbls or 14.3% year-over-year.

February US crude oil (DWT) (UCO) futures contracts rose 0.2% and were trading at $59.7 per barrel at 1:00 AM EST on December 28, 2017.

Wall Street analysts anticipate that crude oil inventories at Cushing would fall between November 24, 2017, and December 1, 2017.

According to the EIA, US gasoline demand rose by 423,000 bpd (barrels per day) or 4.6% to 9,595,000 bpd on November 10–17, 2017.