- futures down
- market opening jumps over a hundred points
- now late-morning, Dow down 60 points
- headline: ADP data disappoints
- hunch: this will be forgotten by 2:00 p.m. EDT this later today
- AAPL: still holding on -- up about half a percent
- TSLA: up 4.4%; up almost $50; apparently sets "new record"; market value surges past Toyota;
On another note, that poll at the sidebar on the right -- which pharmaceutical company would get the government nod -- appears to be a bust. It was posted about three weeks ago when there were reports that the federal government would pick one of five leading pharmaceutical companies to take on the US corona virus vaccine program -- but to date, nothing. So the poll comes down. I've lost interest.Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
Taxes: no more delays. IRS says "tax filing deadline" won't be extended past July 15, 2020.
TCM: "Government Girl." Wouldn't have posted a note about this show, but it appears Ed Norton channeled Sonny Tufts when Ed Norton spoke about "love" in "Birdman." Amazing.
The "government girl": Olivia de Havilland. This clip from "Birdman":
*******************************
EIA Weekly Petroleum Report
Almost forget, EIA weekly data out today.
Link here:
- US crude oil in storage: 535.5 million bbls; a whopping 15% above an already-fat level of storage; down from 16% last week;
- US crude oil in storage decreased by a whopping (there's that word again) 7.2 million bbls from the previous week;
- refineries operating at 75.5% capacity; pretty much unchanged;
- jet fuel supplied was down 60.0% compared with same four-week period last year; again, pretty much unchanged
- US crude oil imports, at 6.0 million bpd, the four-week average of 6.5 million bpd
- WTI; immediate reading -- pretty much unchanged
Week
|
Date of Report=
|
Change
|
Million Bbls Storage
|
Above/Below 5-Year Average
|
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 71
|
April 8, 2020
|
15.2
|
484.4
|
|
Week 72
|
April 15, 2020
|
19.2
|
503.6
|
|
Week 72
|
April 22, 2020
|
15.0
|
518.6
|
|
Week 73
|
April 29, 2020
|
9.0
|
527.6
|
|
Week 74
|
May 6, 2020
|
4.6
|
532.2
|
|
Week 75
|
May 13, 2020
|
-0.7
|
531.5
|
|
Week 76
|
May 20, 2020
|
-5.0
|
526.5
|
|
Week 77
|
May 28, 2020
|
7.9
|
534.4
|
|
Week 78
|
June 3, 2020
|
-2.1
|
532.3
|
|
Week 79
|
June 10, 2020
|
5.7
|
538.1
|
|
Week 80
|
June 17, 2020
|
1.2
|
539.3
|
15%
|
Week 81
|
June 24, 2020
|
1.4
|
540.7
|
16%
|
Week 82
|
July 1, 2020
|
-7.2
|
533.5
|
15%
|
Jet fuel delivered:
Jet Fuel Delivered, Change, Four-Week/Four-Week
|
||
Week
|
Date of Report
|
Change
|
Week 0
|
3/7/2020
|
-12.80%
|
Week 1
|
3/14/2020
|
-12.60%
|
Week 2
|
3/21/2020
|
-8.90%
|
Week 3
|
3/28/2020
|
-16.40%
|
Week 4
|
4/4/2020
|
-0.22%
|
Week 5
|
4/11/2020
|
-39.70%
|
Week 6
|
4/18/2020
|
-53.60%
|
Week 7
|
4/24/2020
|
-61.60%
|
Week 8
|
5/1/2020
|
-66.60%
|
Week 9
|
5/8/2020
|
-68.50%
|
Week 10
|
5/15/2020
|
-67.90%
|
Week 11
|
May 22, 2020
|
-66.60%
|
Week 12
|
June 3, 2020
|
-68.70%
|
Week 13
|
June 10, 2020
|
-63.70%
|
Week 14
|
June 17, 2020
|
-62.30%
|
Week 15
|
June 24, 2020
|
-62.50%
|
Week 16
|
July 1, 2020
|
-60.00%
|
Imports:
Crude Oil Imports
|
||||
Week (week-over-week)
|
Date of Report
|
Raw Data, millions of bbls
|
Change (millions of bbls)
|
Four-week period comparison
|
Week 0
|
March 11, 2029
|
6.4
|
0.174
|
|
Week 1
|
March 18, 2020
|
6.5
|
0.127
|
|
Week 2
|
March 25, 2020
|
6.1
|
-0.422
|
|
Week 3
|
April 1, 2020
|
6.0
|
-0.070
|
|
Week 4
|
April 8, 2020
|
5.9
|
-0.173
|
|
Week 5
|
April 15, 2020
|
5.7
|
-0.194
|
|
Week 6
|
April 22, 2020
|
5.6
|
-0.700
|
|
Week 7
|
April 29, 2020
|
5.3
|
0.365
|
-19.700%
|
Week 8
|
May 6, 2020
|
5.7
|
0.410
|
|
Week 9
|
May 13, 2020
|
5.4
|
-0.321
|
-26.100%
|
Week 10
|
May 20, 2020
|
5.2
|
-0.194
|
|
Week 11
|
May 28, 2020
|
7.2
|
2.000
|
-16.400%
|
Week 12
|
June 3, 2020
|
6.2
|
-1.000
|
-18.300%
|
Week 13
|
June 10, 2020
|
6.4
|
0.000
|
-13.300%
|
Week 14
|
June 17, 2020
|
6.6
|
-0.222
|
-10.000%
|
Week 15
|
June 24, 2020
|
6.5
|
-0.102
|
-11.600%
|
Week 16
|
July 1, 2020
|
6.5
|
-0.600
|
-11.300%
|
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