Wednesday, December 8, 2010

Rbob / EIA Inventories

Here's a little something to keep in mind as Rbob gets hammered today.
From Reuters; managed money net longs.


  The just realeased EIA inventoy numbers;

10:30 08Dec10 RTRS-EIA-U.S. WEEKLY GASOLINE STOCKS UP 3.81 MLN BBLS TO 213.96 MLN, VS FORECAST OF 0.5 MLN BBL BUILD
10:30 08Dec10 RTRS-EIA-U.S. WEEKLY DISTILLATE STOCKS UP 2.15 MLN BBLS TO 160.21 MLN, VS FORECAST OF 0.5 MLN BBL DRAW

 click to enlarge
So if you're long anytime after Dec 1 you are now under water.
PS    Y on Y Gas demand down.7%

No comments:

Post a Comment