Yesterday, from the API:
Today, the API weekly petroleum data:
- a build of 3.645 million bbls;
- from the SPR, released: 7.5 million bbls
Today, from the EIA:
- US crude oil increaseed by a whopping 8.8 million bbs (same ballpark as that amount releaseed from SPR)
- US crude oil in storage now totals 427.2 million bbls, 3% below the five-year average
- in other words, just staying even with record amounts of oil released from the SPR
- DOE knew last spring just how bad things were going to get when it made decision
- US imports ... yawn ..
- US refiners are operating at 90.9% of their operable capacity; a recent low; trending lower;
- distillate fuel inventories increased by 0.1 million bbls; still 23% below their five-year average;
- jet fuel supplied down 0.4%
- gasoline demand to be reported later this afternoon
- WTI: up 1.71%; up $1.40 after the report; trading at $83.34
- natural gas: still just below $8.00
Gasoline: below $3.00 / gallon in north Texas; at $3.04 locally earlier this morning
- now looks to be $2.99 / gallon
Tickers:
- DVN: up
- MNRL: back to flat after dropping a bit
- CVX: up slightly; practically flat
- SRE: after yeesterday's 52-week high; flat
- OKE: up 1.4% today
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there will be content and typographical errors. If anything on any of
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