Post by
lovehockey on Feb 24, 2021 10:38am
EIA - Inventories increased
EIA: US crude oil inventories increased by 1.3 mb to 463 mb
But market doesn't believe.... WTI jumps over $63
Comment by
2020oilgamble on Feb 24, 2021 10:42am
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Comment by
lovehockey on Feb 24, 2021 10:44am
No, the market is saying that if refineries were offline then there would have been a gasoline draw. Since the gasoline wasn't shown as drawn then the market is saying the reports are from both API and EIA are hard to believe.
Comment by
senseimike on Feb 24, 2021 10:47am
am not suprised crude inventories went up. lots of refineries went offline. but was expecting a larger drop in finished petroleum products. -13.8 doesn't seem enough since last week it was -15M they have under reported the drop and next week will probably make up for it
Comment by
lovehockey on Feb 24, 2021 10:48am
Where do you see -13.8. Can you please show?
Comment by
senseimike on Feb 24, 2021 10:50am
https://www.eia.gov/petroleum/supply/weekly/
Comment by
lovehockey on Feb 24, 2021 10:55am
Ok, I see, that does make sense. I guess then we will be seeing commercial inventories dropping for the next few weeks, oil - not so much. Thanks