CRUDE OIL had a build of 1645K. Consensus was for a build of 1500K. IN LINE GASOLINE had a build of 656K. Consensus was for a draw of 1400K. BEARISH (AND WAY OFF THE CONSENSUS!) DISTILLATE had a build of 3354K. Concensus was for a draw of 600K. BEARISH (AND WAY OFF THE CONSENSUS!) The so-called [...]
Read the full article »
CRUDE OIL had a build of 2844K. Consensus was for a build of 3000k. BEARISH GASOLINE had a build of 2225K. Consensus was for a draw of 1500K. BEARISH (AND WAY OFF THE CONSENSUS!) DISTILLATE had a build of 221K. Concensus was for a draw of 1500K. BEARISH (AND WAY OFF THE CONSENSUS!) The so-called consensus was fairly [...]
Read the full article »
CRUDE OIL had a build of 3302K. Consensus was for a build of 1100k. BEARISH GASOLINE had a draw of 1144K. Consensus was for a draw of 650K. BULLISH DISTILLATE had a draw of 1584K. Concensus was for a draw of 100K. BULLISH The so-called consensus was fairly close estimating the GASOLINE numbers, but the OIL and DISTILLATES leave something [...]
Read the full article »
CRUDE OIL had a build of 1942K. Consensus was for a build of 1500k. GASOLINE had a build of 3195K. Consensus was for a draw of 1500K. DISTILLATE had a build of 112K. Concensus was for a build of 1000K. The so-called consensus did pretty good estimating the OIL numbers, but the GASOLINE (!) and [...]
Read the full article »
CRUDE OIL had a build of 749K. Consensus was for a build of 250k. GASOLINE had a draw of 2993K. Consensus was for a draw of 1000K. DISTILLATE had a build of 2108K. Concensus was for a build of 200K. The so-called consensus did pretty good estimating the OIL numbers, but the GASOLINE [...]
Read the full article »
Do you pay attention to the weekly oil inventory report? If you are a mediocre forecaster (i.e., a good guesser) and you are currently unemployed, then there may be a job opening. Announced each Wednesday at 10:30 (unless delayed a day by a federal holiday), the report, among other statistics, focuses on oil, gas, [...]
Read the full article »