Large Crude Draw, Overshadowed by Huge Product Build.
Today, crude oil prices declined as the Energy Information Administration reported substantial fuel inventory builds for the week ending December 29. Crude Drops for Second Straight Week to End 2023 In crude oil, the authority estimated a notable inventory decline of 5.5 million barrels for the final week of 2023. This marked a departure from […]
EIA Energy Stocks Report
Draw Confirmed by todays EIA report, Crude Prices See Upside. EIA Energy Stocks API Estimates (6/27/23) Crude: -2.408M Gasoline: -2.85M Distillates: +0.777M Today’s EIA report shows an inventory draw of 9.6 million barrels for the week ending on June 23, causing crude oil prices to move higher. In comparison, the previous week saw an inventory […]
EIA Report: MASSIVE Crude Build
MASSIVE Build for Crude in EIA report. Crude Oil Inventory Build 16,283,000 barrels 🔻 Gasoline Inventory Build of 2,316,000 barrels 🔻 Distillates Inventory Decline of 1,300,000 barrels ✅ Ethanol Inventory Build of 922,000 barrels 🔻 Strategic Petroleum Reserve inventory NC EIA report released today showed a huge increase far outpacing the estimated build. Crude Inventory The week ending February 10 saw the […]
Grains Test Support Levels; Eyes on Jan 12th Report
Grains Test Support Levels; Eyes on Jan 12th Report Grains Test Support Levels today. Markets started the day on their heels as the jobless claims came in lower than what the market expected (204,000 actual), and an ADP employment report showed an increase in employment for the private sector. This is viewed by the market […]
Corn Price Chart Update for 12.30.22
Corn Price Chart Update for 12.30.22 March Corn futures finished the week 12.25 cents higher and ended the month 11.5 cents higher. Price has now cleared and closed above most moving averages, and has shifted the Momentum on the MACD indicator to bullish. Gains were pared back today after the rally was met with heavy […]
