Hi folks, ANy place I can get a decent summary on Wednesday evening regarding the DOE oil stats and its effect on prices? Something like: crude down 2.7 mln bbls, gasoline up so and so, disty up so and so... THe price was affected in this way, etc. ty so much!
This is the official report. It is just the plain-Jane text. If you wish to know why or how price was affected by the numbers, you'd probably need to know a huge amount about the industry as a whole, on both upstream and downsteam sides, and all the subtle interplay therein. Have a lifetime or three to learn it? http://ir.eia.gov/wpsr/wpsrsummary.pdf (P.S. That link is updated dynamically on report release day, it is kinda' fun. 10-20 mins before release time, it goes to a countdown timer which will auto-refresh your browser the moment 10:30 AM ET hits. (Or whichever time if it is delayed for holidays.)
Ty, Overnight. I just needed it for a report for Wednesday evening. Any website that has good coverage on oil stats? just a basic summary like this WSJ article: " The EIA said U.S. oil inventories fell by 2.7 million barrels last week, but gasoline inventories rose by 7.5 million barrels, taking them to the highest total in nearly two years and sparking more worries about weaker demand. The data also showed U.S. oil production surged to a new record-high 11.9 million barrels a day."