Summary

• US energy exports are soaring thanks to the war in the Middle East.
• The MoneyShow Chart of the Day shows the four-week moving average of US crude oil exports. They’ve been surging lately, hitting 5.37 million barrels per day in the most recent week from 3.76 million in the same week a year earlier.
• As more crude oil and refined products flow overseas versus stay in the domestic market, the price of energy products here at home will rise.

By Mike Larson

US energy exports are soaring thanks to the war in the Middle East. While that’s boosting energy sector profits - and stock prices - it’s also increasing price pressures here at home.

2.57K Followers