Wednesday, July 1, 2009

EIA Weekly Oil Supply Data

EIA Est EIA Actual API Actual Vs Est
Crude -2.0 -3.7 -6.8 -2.0
RBOB +2.0 +2.3 +0.2
Dist +1.5 +2.9 +0.75
Should be a bit negative. Gasoline & distillates up more than expected. Crude fell more than estimates, but not as much as the surprising API numbers last night. Weakening demand in all 3 categories and an increase of Cushing, OK supplies should also serve to keep a lid on prices.

( I am still experiencing problems with the formatting of data.Please bear with me.)

No comments:

Post a Comment

Blog Archive

Disclaimer

The contents of any third-party letters/reports above do not necessarily reflect the opinions or viewpoint of G. Scott Hinton. They are provided for informational/educational purposes only.All sites refered to or displayed on this blog are available to anyone free of charge. The content of any message or post by G. Scott Hinton anywhere on this site is not to be construed as constituting market or investment advice. Such is intended for educational purposes only. Individuals should always consult with their own advisors for specific investment advice. This information is not to be construed as an offer to sell or a solicitation or an offer to buy commodities herein named. The risk of trading futures and options can be substantial.