Friday, July 24, 2009

CFTC COT Report for week ending .07.21.09

______Spec Post__Net Change____

CL...Long 2,218........Sold 13,939

RB...Short 396..........Sold 814 New Short

HO...Long 22,734..Bought 5,485

NG ..Short 158,436 Bought 6,246

Wednesday, July 22, 2009

EIA Petroleum Inventory Levels

Changes in oil inventories were inline with pretrade estimates:
Crude fell 1.8m bbls (0.52%) last week and is 15.97% above year-ago levels.
Gasoline rose 0.8m bbls (0.4%) last week and is 3.2% above year-ago levels.
Distillates rose 1.2m bbls (0.8%) last week and is 26.9% above year-ago levels.

Total oil demand rose 0.4% last week and is down 6.3% from last year.
Gasoline demand rose 1.0% last week and is down 1.0% from last year.
Distillate demand rose 0.5% last week and is down 9.5% from last year.
Jet-fuel demand fell 4.7% last week and is down 12.6% from last year.

Tuesday, July 21, 2009

EIA Oil Inventory Estimates

____API____EIAe____EIAa
CL__+3.1___-2.0
RB__+1.3___+0.7
HO________+1.5

Oil prices weakened in Asian trading after API data showed that oil supplies increased by 3.1mbbls. Traders were expecting 2.0m bbl drop in supplies.

Word that Chinese oil imports for June were 2.8% below the prior month added to
the downward pressure.

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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.