Archive for February 12th, 2010

U.S. Petroleum Weekly – 12 February 2010

Crude oil stocks rose 2.4 million barrels for week ending 5 February; Gasoline stocks increased for 2.3 million barrels; Distillate stocks fell 0.4 million barrels; Propane/propylene stocks decreased 1.3 million barrels; Other oils were down 1 million barrel; Total crude oil and petroleum stocks rose 1.9 million barrels. Refinery utilization rose from the post Lehman […]

U.S. Natural Gas Weekly – 12 February 2010

Working gas in storage fell 191 Bcf from the previous week. Cold weather is helping the price, but I’m still indecisive if the winter draw will be strong enough to clear the stockpiles for a summer filling. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range

No Growth In Europe

The initial jobless claims positively surprised declining  40.000 from the prior week and reaching 440.000. The consensus was at 467.000. It looks that combined with census hiring the positive cold continue. The markets yesterday closed positively yesterday on news that E.U. will back up Greece. The statement was obviously a product of lack of consensus. […]

 

Get Adobe Flash player