Tag Archives: Crude oil

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

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

Swing Trading Strategies – Reversal date triggered major sell in Crude oil! [chart]

In last night’s issue of the TMV Swing Trade report I said, ” Crude oil traded above the prior day’s high (93.02) before the reversal date kicked in and turned the market lower. Crude continued lower for the remainder of the day and closed near the low of the daily price range. The negative reversal date… 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 – Projected Reversal Date Identifies Major Top in Crude oil! [chart]

February Crude oil –Monday’s new high was preceded by a three-day corrective pullback that had formed a potentially bullish reaction swing. Crude traded above the prior swing high (91.88 posted on December 27, 2010) but failed to close beyond the 91.88 high. Instead, the market pulled back inside the swing pattern and closed near the… 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

Swing Trading Strategies – Tax Incentives aid bullish reaction cycle in Crude oil. When will it end? [chart]

Crude oil futures remain above the ascending median line support and continue to climb into the January 4th reversal date. The market has been following the bullish cycle in textbook fashion, after breaking out of the latest reaction swing pattern, formed between December 6, 2010 and December 10. 2010 reversal dates. The upward trend is… read more