Wednesday, August 5, 2009

EIA Petroleum Inventory Report

SUPPLIES

Product......Weekly Chg .....Year-ago Chg
CL ...............+1.7 (0.5%)...... +54.3 (18.4%)
RB.............. -0.2 (-0.1%) ......+6.1 (2.95%)
HO.............. -1.1 (-0.7%),,,, +30.9 (23.7%)
Jetfuel....... +1.4 (3.1%.......... +5.2 (12.6)\%)

DEMAND........Weekly Chg......Year-ago Chg
All Products........ +3.07%........... -6.1%
MoGas....................+0.3% ...........-0.9%
Distill .......................+4.9% ........-10.6%
Jetfuel..................... +3.5% .........-13.0%

Data for distillate components was the main market mover in today's EIA report. Distillate supplies fell 1.1m bbls last week and traders had been expecting a 1.5m bbl build in that fuel

Demand for distillates was up 4.9% for the week and jetfuel demand rose 3.5% for the same period.

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