Weekly Energy Market Update details current energy market events impacting the direction of crude and refined products. Weekly DOE inventories are posted as well as market details on crude, gasoline and heating oil before and after the release of this data. Hedging recommendations and relevant crude, propane, gasoline, heating oil, crack spreads and commodity relationship charts are included.
DOE Weekly Report July 28, 2010:
Crude: Up + 7.3060 MMbbls
Gasoline: Up + 0.091 MMbbls
Distillate: Up + 0.938 MMbbls
Jet Fuel: Up + 0.308 MMbbls
Resid: Down – 0.216 MMbbls
Refinery Runs: 90.60% Down - 0.90%
Crude was very bearish relative to expectations of Down – 1.600 MMbbls
Gasoline was bullish relative to expectations of Up + 0.800 MMbbls
Distillate was very bullish relative to expectations of Up + 1.800 MMbbls
NYMEX Spot Month Daily Crude Oil:
