: Â DOE INVENTORY DATA UPDATE Â Â :
- Crude Oil Â
Actual: Â -3729K Â Survey: -1550K, Prior: Â -6522K
- Gasoline Â
Actual: Â -1801K Â Survey: Â -1750 K, Prior: -2174K
- Distillate Â
Actual: Â -724K Â Â Survey: 250K, Prior: -974K
- Ref. utilization Â
Actual: Â 0.40% Â Survey: -0.50%, prior: -0.80%
Data Impact : Slightly Positive for crude oil prices Â ,Â
Strategy will be Buy From DipsÂ
Momentum Call (HIGH RISK):
Sell Crude Oil @ 5218-25,Target : 5190,T2:5160,SL: 5245 ,Cmp: 5222- www.Commodity20.com,@ 08.08.12, 08:02 PM
- Summary of Weekly Petroleum Data for the Week Ending August 8, 2012
U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the weekending August 3, 36 thousand barrels per day above the previous weekâ€™s average.Refineries operated at 92.6 percent of their operable capacity last week. Gasolineproduction increased last week, averaging just under 9.3 million barrels per day.Distillate fuel production increased last week, averaging 4.7 million barrels per day
U.S. crude oil imports averaged 8.6 million barrels per day last week, up by 221 thousandper day from the previous week. Over the last four weeks, crude oil imports haveÂ averaged 8.9 million barrels per day, 453 thousand barrels per day below the same fourweek period last year. Total motor gasoline imports (including both finished gasoline and
gasoline blending components) last week averaged 457 thousand barrels per day.Distillate fuel imports averaged 71 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic PetroleumÂ Reserve) decreased by 3.7 million barrels from the previous week. At 369.9 millionÂ barrels, U.S. crude oil inventories are above the upper limit of the average range for thisÂ time of year. Total motor gasoline inventories decreased by 1.8 million barrels last week
and are in the lower half of the average range. Finished gasoline inventories increasedÂ while blending components inventories decreased last week. Distillate fuel inventoriesÂ decreased by 0.7 million barrels last week and are below the lower limit of the averageÂ range for this time of year. Propane/propylene inventories increased by 0.6 million
barrels last week and are near the upper limit of the average range. Total commercialÂ petroleum inventories decreased by 1.0 million barrels last week
Total products supplied over the last four-week period have averaged 18.9 million barrelsÂ per day, down by 1.9 percent compared to the similar period last year. Over the last fourÂ weeks, motor gasoline product supplied has averaged 8.7 million barrels per day, downÂ by 4.2 percent from the same period last year. Distillate fuel product supplied has
averaged 3.6 million barrels per day over the last four weeks, down by 2.8 percent fromÂ the same period last year. Jet fuel product supplied is 3.6 percent lower over the last fourÂ weeks compared to the same four-week period last year.
Free Momentum Call Update : Crude Call : Sold @ 5218-25,Cmp:5175 ,Book Profit: 4300+ per lot Â – www.Commodity20.com,@ 08.08.12, 08:16 PM
Please Note, Inventory has witnessed Drawdowns, Its Positive for Prices, The Free Sell Call Given Was a Momentum Call only.