U.S. Petroleum Weekly – December 23, 2010
(For The Week Ending December 17, 2010)
Crude oil stocks fell 5.3 million barrels; Gasoline stocks rose 2.4 million barrels; Distillate stocks fell 0.6 million barrels; Propane/propylene stocks fell 3.5 million barrels; Other oils stocks decreased 0.3 million barrels; Total crude oil and petroleum stocks were 6.0 million barrels lower for the week.
Refinery utilization fell 0.3% to 87.7%.
Implied crude oil demand rose 0.4 million barrels.
Crude oil and petroleum product net imports rose 1.7 million barrels to 9.4 million barrels. Back to normal.
Another stockpile draw and another rise in gasoline stocks. Demand flat. Overall the crude oil stocks decrease data gives a kind of bullish tone for oil price.
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
Chart 6. U.S. Distillate Fuel Implied Demand
Chart 7. U.S. Crude Oil Total Inventory
Chart 8. Motor Gasoline Total Inventory
Chart 9. Distillate Fuel Oil Total Inventory
Chart 10. U.S. Refinery Capacity, Inputs, and Production
Chart 11. Weekly U.S. Total Crude Oil and Petroleum Products Imports and Exports
