Tainted Alpha

(For The Week Ending November 19, 2010)

Crude oil stocks rose 1.0 million barrels; Gasoline stocks were up 1.9 million barrels; Distillate stocks were down 0.5 million barrels; Propane/propylene stocks fell 0.4 million barrels; Other oils stocks decreased 1.4 million barrels; Total crude oil and petroleum stocks were 0.3 million barrels lower than the week before.

Refinery utilization rose 1.5% to 85.5%.

Implied crude oil demand remained unchanged.

Crude oil and petroleum product net imports rose 1.3 million barrels to 9.4 million barrels.

Excess of excesses are now cleared; demand is unchanged and now again the stocks will probably again begin to rise.

Chart 1. Crude Oil Futures

Chart 2. Crude Oil Futures Curve

Chart 3. Weekly Change in U.S. Crude Oil and Distillates Stocks

Chart 4. U.S. Crude Oil Implied Demand

Chart 5. U.S. Motor Gasoline Implied Demand Seasonality

Chart 5. U.S. Distillate Fuel Implied Demand

Chart 6. U.S. Crude Oil Total Inventory

Chart 7. Motor Gasoline Total Inventory

Chart 8. Distillate Fuel Oil Total Inventory

Chart 9. U.S. Refinery Capacity, Inputs, and Production

Chart 10. Weekly U.S. Total Crude Oil and Petroleum Products Imports and Exports

Crude Oil

This entry was posted on Thursday, November 25th, 2010 at 7:10 am and is filed under Commodities, U.S. Petroleum Weekly. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.