EIA Weekly Petroleum Report -- November 14, 2019

Weekly EIA petroleum report: due out at 9:30 a.m. CT. Link here. API reported a slight build yesterday; my hunch today -- a huge build will be reported by EIA. LOL. I just made that up. I have no idea what the EIA will report. Here we go (9:47 a.m. CT) -- looks like it is delayed -- won't be out until 10:00 a.m. CT. Okay, finall, 10:01 a.m. CT:

• US crude oil in storage, week-over-week: increased by 2.2 million bbls
  WTI: immediately upon release: $57.66 (up 54 cents for the day)
• US crude oil in storage: 449.0 million bbls; about 3% above the five-year average
• refiners operating at 87.8% capacity; very low but not as bad as it's been recently
• imports for the four-week period, down almost 20% compared to same four-week period a year ago
• jet fuel supplied was up 5.5% compared with same four-week period last year -- similar to what we've seen all year
• WTI, fifteen minutes after report released, giving traders time to react -- WTI holds; remains in the green; up 23 cents for the day;

Re-balancing (note: weeks 6 - 42 hidden to make spreadsheet manageable):

Week	Week Ending	Change	Million Bbls Storage
Week 0	November 21, 2018	4.9	446.9
Week 1	November 28, 2018	3.6	450.5
Week 2	December 6, 2018	-7.3	443.2
Week 3	December 12, 2018	-1.2	442.0
Week 4	December 19, 2018	-0.5	441.5
Week 5	December 28, 2018	0.0	441.4
Week 43	September 18, 2019	1.1	417.1
Week 44	September 26, 2019	2.4	419.5
Week 45	October 2, 2019	3.1	422.6
Week 46	October 9, 2019	2.9	425.6
Week 47	October 17, 2019	9.3	434.9
Week 48	October 23, 2019	-1.7	433.2
Week 49	October 30, 2019	5.7	438.9
Week 50	November 6, 2019	7.9	446.8
Week 51	November 14, 2019	2.2	449.0

While we are waiting for the report, what else? Nothing. Wow, what a slow day.

Three biggest social media memes right now:

• Jeffrey Epstein
• Beto
• Kaepernick

Like Julian Castro, Beto will never fade away. The other seven dwarfs will fade away after their fifteen minutes of fame are up. Even Steyer.