Locator: 45595OIL.
Amount of oil in storage, measured in days, actually moved up ever so slightly: link here.
Weekly EIA petroleum report: link here.
- US crude oil in storage: 4% below the five-year average; decreased by 2.2 million bbls; 416.3 million bbls in storage.
- imports: 7.2 million bbls; increased by 711,000 bopd; 8.2% more than same period last year -- multiple reasons for increase;
- refiners: wow, wow, wow -- seasonal maintenance? 89.5%.
- distillate: 13% below the five-year average
- gasoline: decreased
- jet fuel supplied: 9.9% -- quite remarkable.
WTI after report released: up a remarkable 2.5%; up $2.26; trading at $92.65.
- an hour later, up 3.34%; up $3.02; and, trading at $93.41.
Markets:
- CVX: up 1.4% today; up $2.35; trading above $170;
- DVN: up 2.36% today; up $1.12; trading above $48;
- MPC: up 1.37%; up $2.007; trading above $153;
- OKE: flat. Trading at $64.49.
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