CL Redux

Quote from BCE:

Shorted @.98 covered @.41 Should have reshorted or................

Why didn't you tell us you had insider information on the oil report before it came out??!!? :p

Perhaps .20 is the support here... but I still think 88.00 will be investigated.
 
Tried a few longs @.91 and @.92 and @88.00 but was stopped out b/e. Oh, well. Busy with other things so I'll let it go for now. It's around the 50 EMA now.

Here's the report FWIW now.

Summary of Weekly Petroleum Data for the Week Ending August 12, 2011

U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending August 12, 205 thousand barrels per day below the previous week’s average. Refineries operated at 89.1 percent of their operable capacity last week. Gasoline production decreased last week, averaging 9.3 million barrels per day. Distillate fuel production increased last week, averaging about 4.6 million barrels per day.

U.S. crude oil imports averaged nearly 9.3 million barrels per day last week, up by 185 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.3 million barrels per day, 606 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 677 thousand barrels per day. Distillate fuel imports averaged 97 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.2 million barrels from the previous week. At 354.0 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 3.5 million barrels last week and are in the upper limit of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories increased by 2.4 million barrels last week and are in the upper limit of the average range for this time of year. Propane/propylene inventories increased by 0.8 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories increased by 4.5 million barrels last week.

Total products supplied over the last four-week period have averaged 19.4 million barrels per day, down by 0.1 percent compared to the similar period last year. Over the last four weeks, motor gasoline product supplied has averaged about 9.2 million barrels per day, down by 3.0 percent from the same period last year. Distillate fuel product supplied has averaged 3.7 million barrels per day over the last four weeks, up by 5.8 percent from the same period last year. Jet fuel product supplied is 3.9 percent higher over the last four weeks compared to the same four-week period last year.
 
Back
Top