Stop The Presses! US Crude Oil Inventories Plunged Almost 10 Million Bbls From Previous Week -- June 27, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Stop The Presses! US Crude Oil Inventories Plunged Almost 10 Million Bbls From Previous Week -- June 27, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Stop The Presses! US Crude Oil Inventories Plunged Almost 10 Million Bbls From Previous Week -- June 27, 2018
link : Stop The Presses! US Crude Oil Inventories Plunged Almost 10 Million Bbls From Previous Week -- June 27, 2018

Stop The Presses! US Crude Oil Inventories Plunged Almost 10 Million Bbls From Previous Week -- June 27, 2018

Link here. Data points:

• US crude oil inventories: decreased by a staggering 9.9 million bbls -- this is absolutely unprecedented. I have followed the data weekly for the past two years, and never, never, anything like this
• US crude oil inventories now at 416.6 million bbls; I forget, but I think I posted by "new" norm was 400 million bbls (the "old norm" was 350 million bbls -- decades of data)
• US crude oil inventories now 4% below the five year average for this year of the year
• refineries operating at an incredible 97.5% capacity -- rarely ever higher than this; generally in the 93% range
• gasoline production right on historical average: 10.1 million bbls/day
• distillate fuel production slightly above historical average at 5.4 million bbls/day

Gasoline demand: pending.

Oil prices immediately follow weekly release of US crude oil inventories:

• WTI: $72.62; up almost 3%; up over $2/bbl
• LLS: $76.23; up about 0.75%; up about 60 cents/bbl -- this correlates closely with DAPL-Bakken
• Brent: $77.68; up about 2%; up about $1.50/bbl
• OPEC Basket: $72.69; up about 0.75%; up about 50 cents/bbl

https://ift.tt/2dZyQXu

Thus Article Stop The Presses! US Crude Oil Inventories Plunged Almost 10 Million Bbls From Previous Week -- June 27, 2018

That's an article Stop The Presses! US Crude Oil Inventories Plunged Almost 10 Million Bbls From Previous Week -- June 27, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Stop The Presses! US Crude Oil Inventories Plunged Almost 10 Million Bbls From Previous Week -- June 27, 2018 with the link address https://mylivemyidea.blogspot.com/2018/06/stop-presses-us-crude-oil-inventories.html

Tweet

Subscribe to receive free email updates: