U.S. Freight Carloads Weekly – January 22, 2011
U.S. railroads originated 282,987 carloads, up 7.2% compared with the same week in 2010 and down 4.8% compared with 5-year average. Week over week change was -0.7%.
Global Macro Perspectives
U.S. railroads originated 282,987 carloads, up 7.2% compared with the same week in 2010 and down 4.8% compared with 5-year average. Week over week change was -0.7%.
Crude oil stocks rose 2.6 million barrels; Gasoline stocks increased 4.4 million barrels; Distillate stocks were up 1.1 million barrels; Propane/propylene stocks were down 5.4 million barrels; Other oils stocks decreased 2.4 million barrels; Total crude oil and petroleum stocks were 2.4 million barrels higher for the week.
Refinery utilization fell 3.4% to 83.0%.
Implied crude oil demand fell 0.9 million barrels.
Crude oil and petroleum product net imports rose 0.2 million barrels to 9.5 million barrels.
Crude oil stocks rising, markets well supplied, demand weak.