Bullish Sentiment Keeps Oil Above $60

Oil prices were relatively lifeless at the start of the week, holding onto recent gains, but not moving much in either direction. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) – The U.S. consumed 3 quadrillion BTUs in 2018, up 4 percent from a year before and a new all-time record high. – Fossil fuel consumption jumped by 4 percent as well, accounting for 80 percent of the total primary energy use. Natural gas consumption spiked 10 percent, while coal consumption fell sharply. – Renewables rose by 3 percent (wind was…