Wednesday, April 11, 2012

EIA Report

Just released...



PriorActual
Crude oil inventories (weekly change)9.0 M barrels2.8 M barrels
Gasoline (weekly change)-1.5 M barrels-4.3 M barrels
Distillates (weekly change)0.0 M barrels-4.0 M barrels


I'm not sure what the consensus was for crude, but the build of 2.8 mm barrels was a drop from the 9 mm barrels last week.

Gasoline inventories plunged as did distillates.

Initial USO reaction...

A nice spike on volume.

I'll try to find the details on the report....

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