EIA Crude slight build +0.5M bblsEIA reported a slight commercial crude build. Higher exports, lower imports helped. Products had a net build, mostly gasoline.
I put about 4M$ of dry powder to work today after the morning drop. Bought SU, MEG, ARX, and IMO.
Twitter:
Crude +0.5 mm barrels (vs +0.7 exp) - throughput - 14.98 mm bopd, up 01.3 mmm bop week-to-week - SPR unchanged. - imports - down 0.56 mm bopd - exports - up 0.835 mm bopd US petroleum (crude, SPR, refined products) inventories rose by 3.989mb w/w to 1,605.596mb last week EIA EIA data, week ending 1/20 Crude oil: +0.5M Domestic prod: 12.2MMbpd SPR: NC Cushing: +4.3M Gasoline: +1.8M Impld mogas demand: 8.14Mbpd Distillates: -0.5M Refiner utilz: 86.1% Total exports: 10.49MMbpd EIA (wk ending 20 Jan) Crude: 0.533M Cushing: 4.267M Gasoline: 1.763M Distillates: -0.507M US refinery runs rose by 128kbpd w/w to 14.981mbpd (utilization rate +0.8% to 86.1%) EIA US implied oil demand (product supplied) fell by 867kbpd w/w to 19.447mbpd last week w/w change in kbpd gasoline +88 jet fuel -85 distillate -146 residual fuel oil -62 propane/propylene -466 other oils -195 EIA EIA data, week ending 1/20 Crude oil: +0.5M Domestic prod: 12.2MMbpd SPR: NC Cushing: +4.3M Gasoline: +1.8M Impld mogas demand: 8.14Mbpd Distillates: -0.5M Refiner utilz: 86.1% Total exports: 10.49MMbpd 