- 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.
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- Jeffrey Epstein
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