DOE Crude Oil Inventories

Firstly apologies for the lack of post recently. You may have an idea of just how long it takes to maintain a blog like this, taking charts, compiling data. etc. The idea here is to have something more than just a historical chart of last months move on the data...it is to also give a background to what else was going on in the market at the time the data came out. This can give us News Trader insights on why some news worked better or worse at certain times. I will try and keep up better, I also have a few charts waiting to be uploaded.

Other than that times have been exciting as a new strategy shows incredibly positive results and has lead me to a 3rd month of profitable trading.

Anyhow there was quite a decent sized deviation in Crude today but there again was a conflict with the rest of the complex. The large 4500k Build did spike down crude but it was a rather tame spike by past standards and did reverse and then went choppy. It was quite a risk off day with the Australian Dollar leading the move down as expectations are from the RBA to cut rates in response to the slowdown in China.

Here is the data:

DOE U.S. Crude Oil Inventories
Estimates- Median: +2550k Average: +2367k Low: 0k High: +3500k
Actual: +7102k Prior: -1162k

DOE U.S. Distillate Inventory
Estimates- Median: -500k Average: -413k Low: -3500k High: +1700k
Actual: -711k Prior: +1763k

DOE U.s. Gasoline Inventories
Estimates- Median: -1500k Average: -1342k Low: -2500k High: +800k
Actual: -3537k Prior:-1214k

DOE Cushing OK Crude Iventory
Actual: +1043k Prior: -176k

DOE Crude Oil Implied Demand
Actual: 14075 Prior: 14216

DOE Distillate Implied Demand
Actual: 4551.6 Prior: 4173.1

DOE Gasoline Implied Demand
Actual: 9090.4 Prior: 8759.4

Here is a 15 second chart of the Active May 2012 West Texas Intermediate Crude Oil Future Contract. You can see my entry at the low of the spike, looking to take advantage of the conflict across the complex, and although some profit was achieved, it was not substantial and after a near scare, I exited near breakeven with great relief.