EIA Report: EIA Rejects API draws less, Production tick up
@EnergyBasis: EIA #WPSR (in mbbls) for Week Ending April 28, 2017
@EnergyBasis: Current #Cushing Working Capacity (in mbbls) for Week Ending April 28, 2017
@EnergyBasis: Gasoline Stocks (in mbbls) by #PADD for Week Ending April 28, 2017
@EnergyBasis: Distillate Stocks (in mbbls) by #PADD for Week Ending April 28, 2017
@EnergyBasis: Gasoline Stock Changes (in mbbls) by #PADD for Week Ending April 28, 2017
Stocks of crude oil in the United States fell by 0.930 million barrels in the week ended April 28th, 2017, following a 3.641 million decrease in the previous period and compared to market expectations of a 2.333 million decline. Gasoline stocks rose by 0.191 million, compared to expectations of a 1.322 million increase. Crude Oil Stocks Change in the United States averaged 0.11 BBL/1Million from 1982 until 2017, reaching an all time high of 14.42 BBL/1Million in October of 2016 and a record low of -15.22 BBL/1Million in January of 1999.
5YR US Crude Oil Stocks Change
#Crude stocks fell by -0.930 mbbls to 527.77 mbbls, stocks are currently 15.68 mbbls higher YOY.
#Crude production rose by 0.028 mbpd to 9.293 mbpd, production is currently 0.468 mbpd higher YOY
Monthly/Weekly WTI with overhead supply unlocking attempting to force pivot 44.81 reversion. Major line in the sand is monthly 47.60 line.