CFTC COT Reports for the week eding on 05.7.011

Financial Futures Positions (Futures + Options)
Open Interest changes by Product: FX(w/ $index) fell; Interest Rate products rose; Equity indexes -US rose Foreign fell: Vix rose; commodity indexes fell

Commodity Futures Positions for the week ending on 05.17.11
Open interest declined in 16 of the 20 commodities tracked in this report

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.

Oil Inventory Report Estimates & API Data

..................API……..Platt’s Est
Crude ..... -1.4 ........ -3.2
Mogas .... +0.8 ....... +0.9
Distill .......+ 3.4 ....... +1.7