Cardinal Energy Ltd (Alberta) T.CJ

EIA Inventory:

[spurwing2]

United States EIA Crude Oil Stocks Change

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Summary | Data & Chart | Forecast | News & Analysis

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US Energy Information Administration

Source:
Frequency:	Weekly

The EIA Crude Oil stockpiles report is a weekly measure of the change in the number of barrels in stock of crude oil and its derivates, and it's released by the Energy Information Administration. This report tends to generate large price volatility, as oil prices impact on worldwide economies, affecting the most, commodity related currencies such as the Canadian dollar. Despite it has a limited impact among currencies, this report tends to affect the price of oil itself, and, therefore, had a more notorious impact on WTI crude futures.

		Actual	Dev.	Consensus
	Last release Wed Oct 9th, 2024 14:30	5.81M	1.03	2M
	Current release Thu Oct 17th, 2024 15:00	-2.191M	--	2.3M

 

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[Quintessential1]

Nice  draw and it confirms the API data.  This should keep a decent floor under WTI pricing. Steady as she goes towards SAGD completion. Looking forward to see the Q3 update and what CJ managed to accomplish with regards to debt. Until then collect the div and relax. GLTA  

[VeritasVern]

EIA and API reports have given little support to prices in the last year with the exact opposite at times... How is it different with this report? 

[Quintessential1]

Who said it's different?  All oil prices need are a little support.  Do you see them falling?  ;-) Steady as she goes CJ.  Steady as she goes. GLTA

[VeritasVern]

I see WTI oil is down $1.13 this am but more importantly below $70 at $69.54....So much for the thought that oil inventory reports set a floor or have ever... Steady lower as she goes, steady lower as she goes