Last night the API report showed a draw in crude stocks of 1.169 mill bbls, a build in gasoline stocks of 2.406 mill bbls, a build in distillate stocks of 2.947 mill bbls. The DOE stocks report is due out at 11:00ET this morning – the trade guess is below in the data sheet.
Look for distillate stocks to fall next week has Old Man Winter has arrived. Home heating oil demand in the Northeast is going up fast.
WTI Crude Oil over $91/bbl
WTI Crude Oil over $91/bbl
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group