NEW YORK, Sept 29 (Reuters) – U.S. crude oil inventories fell slightly more than expected last week on lower imports, a government report showed on Wednesday. Stocks of gasoline and distillates also dropped, against forecasts of builds, as refinery utilization slumped 2 percentage points to 85.8 percent, according to the report by the U.S. Energy… read more
Tag Archives: EIA Energy Stocks
Swing trade signal confirmed in June Heating oil! [chart]
June Heating oil rallied off the low, posted on the April 28 reversal swing date. The market had dipped down into the reversal date, with two lower closes, leading into the pivot low. After finding support from the lower up-sloping action line, Heating oil ended the corrective pullback and turned higher. The new upward thrust… read more
Bullish swing pattern sets the stage for a new rally in Gold. [chart]
Gold traded above the previous swing high ($1170.70 on April 12, 2010) at the close of Tuesday’s trading session and then backed off can closed below the prior high. Wednesday’s session opens steady to slightly and traded slightly lower before surging past the pivot high for the second time. The second crossing sets the stage… read more
EIA Energy Stocks Report [3/31/2010]
NEW YORK, March 31 (Reuters) – U.S. crude oil stocks last week rose 2.9 million barrels, slightly more than forecast, while gasoline inventories logged a modest but surprise gain, U.S. Energy Information Administration data showed on Wednesday. Distillate stockpiles fell slightly less than forecast by a Reuters poll of analysts in the week to March… read more
EIA Energy Stocks Report [3/10/2010]
03/10 09:59 CST Crude oil stockpiles climb by 1.4 million barrels Crude oil stockpiles climb by 1.4 million barrels By DEBORAH JIAN LEE AP Energy Writer NEW YORK (AP) — Crude inventories rose less than expected last week, while gasoline supplies dropped, the government said Wednesday. Crude inventories rose by 1.4 million barrels, or 0.4… read more