Wednesday, July 8, 2009

blo

Weekly change in inventory as of 26/06/09ActualMarket ExpectationPrevious
Crude oil -2.80 mmb-3.66 mmb
Gasoline +0.90mmb+2.33 mmb
Distillate +1.83 mmb+2.90 mmb

Comparison between API and EIA reports:

API (Jun 26)
EIA (Jun 26)
Actual
Inventory
Previous
Forecast (using API's inventory level)
Inventory
Crude oil
-1.40 mmb
348.3 mmb
-6.82 mmb
-2.19 mmb
348 mmb
Gasoline
+0.77 mmb
212.4 mmb
+0.21 mmb
+0.76 mmb
212 mmb
Distillate
+3.42 mmb
158.0 mmb
+0.72 mmb
+3.00 mmb
158 mmb




these are the api and the EIs increased demand I am buyoing on the trendline




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