Weekly EIA petroleum report: staggering
- US crude oil inventories: decreased by a staggering 12.6 million bbls
- US crude oil inventories: at 141.9 million barrels, US crude oil inventories are 8% below their five-year average;
- refiners operating at a whopping 95.2% of their operable capacity;
WTI -- prior to release of report: up 3.06% right now; trading at $80.59.
Market reaction:
- DVN: flat.
- XOM: down slightly
- EOG: flat.
- HES: flat.
- MNRL: up 1.3%; up 45 cents; trading at $35.30; pay an incredible 8.6%;
- ENB: up 0.8%; trading at $41.18; pays 6.3%
Social media reaction:
- Giovanni Staunovo: large swing in net crude imports; way down; down 1.732 million bopd
Holy moly: nearly a three-standard deviation crude draw.
Julianne: US crude oill, oil products exports hit all-time high. Time for an export ban?
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