Now that the long November Crude oil swing trade (long from 77.55) has reached the target objective, (83.45) I think it is a good time to review the trade signal and see how “action-reaction ” helped determine the entry, direction, duration and distance (target objective) before the trade was entered. Crude oil had undergone a corrective pullback that… read more
Tag Archives: EIA
EIA Energy Stocks Report [4/14/2010]
NEW YORK, April 14 (Reuters) – U.S. crude oil futures extended their gains on Wednesday, rising more than $1, after government oil inventory data showed crude oil stocks fell last week, against expectations for a build. The U.S. Energy Information Administration’s report said crude oil stockpiles fell 2.2 million barrels, against a forecast for stocks… read more
Bullish reaction swing portends new rally in Crude. [chart]
The International Energy Agency said that it expects world oil demand to average 86.6 million barrels per day (mbd) in 2010, slightly more than the previous record high of 86.5 mbd in 2007. Crude zoomed through the ascending median line and closed above the prior swing high of 85.43 on April 6th. From this new… read more
EIA Energy Stocks [4/7/2010]
NEW YORK, April 7 (Reuters) – U.S. crude oil inventories rose slightly more than expected last week while gasoline stockpiles showed a steep drawdown, a government report showed on Wednesday. Distillate inventories showed a surprise build in the week to April 2, while refinery utilization rose more than analysts had forecast, according to the weekly… 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 [3/17/2010]
The U.S. Department of Energy (DOE) said that crude oil supplies were up 1.0 million barrels last week to 344.0 million barrels. Supplies of gasoline were down 1.7 million barrels and heating oil supplies were down 1.4 million barrels. The DOE also said that refinery use slipped from 80.7% to 80.6% of capacity last week.… 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
EIA Energy Stocks [3/3-2010]
(Million Barrels)…. 02/26/10 02/19/10 Change 02/26/09 Crude Oil (Exc SPR).. 341.6 337.5 4.1 354.7 Crude at Cushing….. 30.0 29.9 0.1 30.6 Gasoline…………. 231.9 231.2 0.7 215.9 Reformulated……… 0.6 0.8 -0.2 0.7 Blending Components.. 148.0 147.0 1.0 127.0 Jet Fuel…………. 43.3 43.7 -0.4 42.6 Total Distillate Fuel 151.8 152.7 -0.9 145.8 Heating Oil………. 42.3 42.7 -0.4 36.5 Residual Fuel…….. 40.0 40.0 UNCH 38.8 Unfinished Oils…… 81.1 81.5 -0.4 88.1 Other Oils……….. 130.1 133.0 -2.9 137.9 Total… read more