Weekly EIA

Weekly EIA surprisingly Bullish even with big lead in from API.production unchanged for second week in a row and Exports higher again add to the Bullishness.One not so bullish metric is that the PADD 5,West coast showed a hefty  draw of 2.5 Mln and  does weaken the Bullish Storage draw as Players to like to exclude padd 5 from  Equation..gasoline Demand +4% and Distillate demand -4% last week.

eiaaaaa.PNG

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.