15.2 C
New York
Tuesday, April 16, 2024

Comment by phil

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  1. phil

    Oil up 8.9Mb, not as bad as API (12M) 

    • EIA Petroleum Inventories:
    • Crude +8.9M barrels vs. +4.6M consensus, +10.1M last week.
    • Gasoline -2.6M barrels vs. +0.3M consensus, +0.6M last week.
    • Distillates -3.9M barrels vs. -1.7M consensus, -3.3M last week.
    • Futures -3.07% to $44.81

    Nice offset with gas and distillate draws – good for a long now at $44.75 but tight stops, of course.  

    /NG good for a long too ($2.835) and I'm taking a nap so let me know how it turns out.  



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