Tag Archives: Energy Stocks

Futures news – EIA reports increase in Crude inventory! Futures broker, futures news, market news.

The EIA reported a that crude oil stocks and gasoline inventories jumped last week due to increased crude imports. Domestic crude stocks rose 616,000 barrels to 370.9 million barrels during the week ending on May 20. 2011. The increase surprised analysts who were expecting a decline of 1.3 million barrels.   Crude imports rose 662,000… read more

Market News – Fourth Quarter GDP 3.2%

GDP for the fourth quarter GDP accelerated to a moderately healthy 3.2 percent annualized gain, following a 2.6 percent increase the prior quarter. But the detail was stronger than the headline number. The last quarter of 2010 was led by sharp improvement in net exports to a gap of $392.2 billion from $505.0 billion in… read more

Energy Trading News – EIA Natural Gas Report

Highlights Natural gas in storage fell 233 billion cubic feet in the February 11 week. A 230 bcf withdrawal was expected. Definition The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S., and three regions of the country. The level of inventories helps determine prices for natural… read more

Natural gas storage report – Storage use this winter running 30 pct above average.

* Storage deficit to year-ago widens to 4 percent * Storage use this winter running 30 pct above average* NEW YORK, Feb 10 (Reuters) – U.S. natural gas inventories slipped below the five-year average last week for the first time in more than a year, data released Thursday by the Energy Information Administration showed. The… read more

Swing Trading Strategies – Dow Jones hits new high on projected reversal date. [chart]

The Dow Jones futures traded to a new high (12218) before failing and dropping below the low of the prior pivot low. This price action has formed a possible peg-leg topping pattern. It is also important to not that the new high and possible failure, occurred on a projected reversal date I will have more… read more

Energy News – EIA report show Gasoline stocks at 20-year high.

* Crude stocks rise 1.9 mln barrels to 345.06 mln * Gasoline stocks up 4.66 mln barrels at 240.89 mln * Cushing inventories fall 927,000 bbls to 37.41 mln * Distillates rise 288,000 barrels to 164.37 mln NEW YORK, Feb 9 (Reuters) – U.S. crude oil inventories rose in line with expectations and gasoline stocks… read more

Energy news – Crude inventories rise

Crude inventories increased by 2.6 million barrels, for the week ending January 14, from the previous week to 335.7 million barrels and were above the upper limit of the average range for this time of year. U.S. crude oil refinery inputs averaged 14.3 million barrels per day during this period, 389 thousand barrels per day… read more

Futures News – EIA Data – Crude Stocks fall!

* Crude stocks fall 4.16 million barrels * Distillate inventories rise 1.15 million barrels * Gasoline stockpiles rise 3.29 million barrels * Cushing inventories up 858,000 barrels NEW YORK, Jan 5 (Reuters) – U.S. crude inventories fell more than expected in the final week of 2010 and refined product stocks rose, according to a weekly report… read more

Swing Trading Strategies – “Action/Reaction” setting up potential sell pattern in N-gas. [chart]

February Natural gas has been trading higher, after bouncing off the descending median line. The eight-day rally advanced Natural gas into the December 28th reversal date, setting up a potential bearish reaction swing. However, the December 28th reversal date failed to trade above the prior high–needed to set up the sell pattern. The following day–Thursday, December 29th–did… read more

Futures news – U.S. Crude oil stocks down again this week.

NEW YORK, Dec 30 (Reuters) – U.S. crude oil inventories fell less than expected last week as refinery utilization rose, according to a weekly report from the Energy Information Administration on Thursday.    Domestic crude stocks dropped by 1.26 million barrels to 339.43 million barrels in the week to Dec. 24, the report showed, against expectations… read more