Wednesday, January 25, 2012

EIA Petroleum Report

Released on 1/25/2012 10:30:00 AM For wk1/20, 2012

PriorActual
Crude oil inventories (weekly change)-3.4 M barrels3.6 M barrels
Gasoline (weekly change)3.7 M barrels-0.4 M barrels
Distillates (weekly change)0.4 M barrels-2.5 M barrels
We saw a build in crude this week of 3.6 mm barrels, here's the initial reaction in USO

As most of you know, we often find excellent fade trades on the EIA report, so I'll be watching for any opportunities as we do every Wednesday (or Thursday).

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