Wednesday, October 30, 2013 11:29:33 AM
EIA Petroleum Status Report
Released On 10/30/2013 10:30:00 AM For wk10/25, 2013
Prior Actual
Crude oil inventories (weekly change) 5.2 M barrels 4.1 M barrels
Gasoline (weekly change) -1.8 M barrels -1.7 M barrels
Distillates (weekly change) 1.5 M barrels -3.1 M barrels
Highlights
Strong domestic output, which exceeded imports for a second straight week, helped feed a 4.1 million barrel build in oil inventories in the October 25 week to 383.9 million. Though refineries, operating at 87.3 percent of capacity, are picking up production, product inventories fell in the week as shipments to wholesalers picked up which is a positive indication on end-user demand. Gasoline inventories fell 1.7 million barrels while distillate inventories fell 3.1 million. Oil seems to be reacting more to the build in oil and less to the product draws, moving about 50 cents lower and testing support at $97 in initial reaction to today's data.
Released On 10/30/2013 10:30:00 AM For wk10/25, 2013
Prior Actual
Crude oil inventories (weekly change) 5.2 M barrels 4.1 M barrels
Gasoline (weekly change) -1.8 M barrels -1.7 M barrels
Distillates (weekly change) 1.5 M barrels -3.1 M barrels
Highlights
Strong domestic output, which exceeded imports for a second straight week, helped feed a 4.1 million barrel build in oil inventories in the October 25 week to 383.9 million. Though refineries, operating at 87.3 percent of capacity, are picking up production, product inventories fell in the week as shipments to wholesalers picked up which is a positive indication on end-user demand. Gasoline inventories fell 1.7 million barrels while distillate inventories fell 3.1 million. Oil seems to be reacting more to the build in oil and less to the product draws, moving about 50 cents lower and testing support at $97 in initial reaction to today's data.
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