"The Energy Information Administration reported Wednesday that domestic crude supplies declined by 2.7 million barrels for the week ended Jan. 11. Analysts polled by S&P Global Platts expected the EIA to report a smaller fall of 250,000 barrels in crude supplies, while sources said the American Petroleum Institute on Tuesday reported a decline of 560,000 barrels. Gasoline stockpiles, however, climbed by 7.5 million barrels last week, while distillate stockpiles rose by 3 million barrels, according to the EIA."
Gasoline is trading lower as a result of this build in stocks, crude also a bit lower but heating oil is higher again, supported by the expected frigid weather in the Northeast, where they use a great deal of heating oil for residential heating.
Previous posts on crude:
Crude Oil megaphone 5 responses
Started by mikempt -- Jan. 13, 2019, 12:57 p.m.
https://www.marketforum.com/forum/topic/21598/
Oil-liquid energies
10 responses
Started by metmike - Jan. 9, 2019, 12:51 p.m.
https://www.cnbc.com/2019/01/17/oil-markets-us-crude-production-opec-moves-in-focus.html
Key Points