CL Redux
- Thread starter schizo
- Start date
fwiw, 50% retracement from 114 to yesterday's low is 110. 61.8% level is 110.96 or so. good luck.
I don't think so. It's just strong on the general market's strength. Housing data was good = markets climb a bit higher.
So much for Goldman's call the other day. Was thinking of that last night. IV mentioned the increased volume yesterday. That was probably GS loading up after their call to bring the price back down so they could jump in.
Good point DC about the retracement.
ADD Interesting that it's so strong right before the report. Maybe they are on to something V.
Report
http://ir.eia.gov/wpsr/wpsrsummary.pdf
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.3 million barrels from the previous week.
Summary of Weekly Petroleum Data for the Week Ending April 15, 2011
U.S. crude oil refinery inputs averaged 14.1 million barrels per day during the week ending April 15, 87 thousand barrels per day above the previous weekâs average. Refineries operated at 82.5 percent of their operable capacity last week. Gasoline production increased last week, averaging about 9.2 million barrels per day. Distillate fuel production increased last week, averaging about 4.2 million barrels per day.
U.S. crude oil imports averaged just under 8.1 million barrels per day last week, down by 518 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged nearly 8.7 million barrels per day, 603 thousand barrels per day below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 853 thousand barrels per day. Distillate fuel imports averaged 293 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.3 million barrels from the previous week. At 357.0 million barrels, U.S. crude oil inventories are in the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 1.6 million barrels last week and are in the lower limit of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories decreased by 2.5 million barrels last week and are above the upper limit of the average range for this time of year. Propane/propylene inventories decreased by 0.4 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories decreased by 6.7 million barrels last week.
Total products supplied over the last four-week period has averaged nearly 19.1 million barrels per day, up by 1.2 percent compared to the similar period last year. Over the last four weeks, motor gasoline product supplied has averaged nearly 9.0 million barrels per day, down by 1.8 percent from the same period last year. Distillate fuel product supplied has averaged 3.8 million barrels per day over the last four weeks, up by 6.2 percent from the same period last year. Jet fuel product supplied is 4.7 percent lower over the last four weeks compared to the same four-week period last year.
http://ir.eia.gov/wpsr/wpsrsummary.pdf
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.3 million barrels from the previous week.
Summary of Weekly Petroleum Data for the Week Ending April 15, 2011
U.S. crude oil refinery inputs averaged 14.1 million barrels per day during the week ending April 15, 87 thousand barrels per day above the previous weekâs average. Refineries operated at 82.5 percent of their operable capacity last week. Gasoline production increased last week, averaging about 9.2 million barrels per day. Distillate fuel production increased last week, averaging about 4.2 million barrels per day.
U.S. crude oil imports averaged just under 8.1 million barrels per day last week, down by 518 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged nearly 8.7 million barrels per day, 603 thousand barrels per day below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 853 thousand barrels per day. Distillate fuel imports averaged 293 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.3 million barrels from the previous week. At 357.0 million barrels, U.S. crude oil inventories are in the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 1.6 million barrels last week and are in the lower limit of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories decreased by 2.5 million barrels last week and are above the upper limit of the average range for this time of year. Propane/propylene inventories decreased by 0.4 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories decreased by 6.7 million barrels last week.
Total products supplied over the last four-week period has averaged nearly 19.1 million barrels per day, up by 1.2 percent compared to the similar period last year. Over the last four weeks, motor gasoline product supplied has averaged nearly 9.0 million barrels per day, down by 1.8 percent from the same period last year. Distillate fuel product supplied has averaged 3.8 million barrels per day over the last four weeks, up by 6.2 percent from the same period last year. Jet fuel product supplied is 4.7 percent lower over the last four weeks compared to the same four-week period last year.
I know you do. April 20, 2011, 10:40 a.m. EDT
Oil tops $110 a barrel after inventories report
SAN FRANCISCO (MarketWatch) -- Crude-oil futures added to gains Wednesday after the Energy Information Administration reported oil inventories declined 2.3 million barrels in the week ended April 15. Crude for June delivery (NEW:CLM11) added $1.80, or 1.7%, to $110.13 a barrel on the New York Mercantile Exchange. Analysts polled by Platts had expected an increase in inventories by 1.6 million barrels. Gasoline stockpiles decreased 1.6 million barrels, the EIA said. The analysts had expected a decline of 2.1 million barrels. Distillates stocks decreased 2.5 million barrels, the EIA said, against expectations of an increase by 550,000 barrels.
Oil tops $110 a barrel after inventories report
SAN FRANCISCO (MarketWatch) -- Crude-oil futures added to gains Wednesday after the Energy Information Administration reported oil inventories declined 2.3 million barrels in the week ended April 15. Crude for June delivery (NEW:CLM11) added $1.80, or 1.7%, to $110.13 a barrel on the New York Mercantile Exchange. Analysts polled by Platts had expected an increase in inventories by 1.6 million barrels. Gasoline stockpiles decreased 1.6 million barrels, the EIA said. The analysts had expected a decline of 2.1 million barrels. Distillates stocks decreased 2.5 million barrels, the EIA said, against expectations of an increase by 550,000 barrels.