The latest Platts survey for the week ending January 27 is looking for a 3.0 million barrel build in crude stocks, a 1.2 million barrel draw in distillate supplies, and a 1.0 million barrel gain in gasoline inventories. Our cut at the numbers would suggest a somewhat smaller crude oil build than what the market is looking for but a more modest distillate stock decline, and a slight fall in gasoline stocks in contrast to consensus expectations of a build.
*EIA: US Total Working Gas In Storage -192 Bcf At 3098 Bcf
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US Crude Stocks- Up 3.558 MB (Cushing Stocks -UP 0.374 at 28.647 MB)
US Gasoline Stocks- Down 0.39 MB
US Distillate Stocks- Down 2.456 MB
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US Crude Stocks- Up 7.331 MB —- Cushing Stocks Up 0.386 MB at 28.651 MB
US Gasoline Stocks- Down 0.573 MB
US Distillate Stocks- Down 2.464 MB
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US Crude Stocks- Down 3.438 MB (Cushing Stocks – Down 0.832 at 28.273 MB)
US Gasoline Stocks- Up 3.717 MB
US Distillate Stocks- Up 0.438 MB
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*EIA: US Total Working Gas In Storage -87 Bcf At 3290 Bcf
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US Crude Stocks- Down 4.809 MB —- Cushing Stocks Down 0.819 MB at 28.265 MB
US Gasoline Stocks- Up 4.309 MB
US Distillate Stocks- Down 0.9 MB
Hornsby Trading News
- MARKET TALK: ICE July Brent Struggles To Extend Gains Dow Jones May 21st.
- Baker Hughes: Weekly US Gas Rig Count Up 2 In Week To 600
- *EIA: US Total Working Gas In Storage +61 Bcf At 2667 Bcf
- NOAA: Above Normal June-August Temperatures Seen For Southern Half Of US
- Weekly DOE Inventory Report – May 16th.