Title : Oh-Oh -- US Crude Oil Inventories Increased Moderately -- The Market And Energy Page, Part 2, T+298 -- November 15, 2017
link : Oh-Oh -- US Crude Oil Inventories Increased Moderately -- The Market And Energy Page, Part 2, T+298 -- November 15, 2017
Oh-Oh -- US Crude Oil Inventories Increased Moderately -- The Market And Energy Page, Part 2, T+298 -- November 15, 2017
Target: despite beating estimates, Target is getting slammed. Down 26% for the year, Target shares dropped a little over $5 this morning, after earnings came out (down 8.44%) and now trading at $55.04. The numbers were great; the guidance was awful: flat to maybe slightly improved. WMT in the same period has risen from $68 to $90, a gain of 32% over one year.WTI: Yahoo!Finance top story -- market opens 150 points down, said to be due to slide in oil prices, exactly what I said two days ago. Talking heads say the slide in oil is due to a) declining Chinese demand; and b) continued "over" production in the states. I don't bu the "declining Chinese demand" story. We will see EIA's weekly report and US crude oil inventories for the past week later this morning. It will be reported in 124 seconds. LOL. Yes, that's what the EIA site says.
US crude oil inventories: increased by 1.9 million bbls
refinery operating at91% capacity; improving slightly
gasoline production decreased last week, now at 9.9 million b/d
distillate production increased last week, not at 5.2 million b/d
gasoline build/drawdown:
distillate build/drawdown:
Thus Article Oh-Oh -- US Crude Oil Inventories Increased Moderately -- The Market And Energy Page, Part 2, T+298 -- November 15, 2017
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