EIA Report Date 11/12/20
Crude Oil, Gasoline, Distillate, Total Stocks – EIA Week # 45
Crude Oil +4,277
Gasoline -2,309
Distillate -5,355
Total Stocks -3,387
Crude Oil
Measuring the change in stocks over the previous 5- and 10-year periods prior to today’s report, the build+/draw- ratio was +5 / 0 vs. +7 / -3. If a build, the 10-Year average change was +3,498 or if a draw, the average change was -2,462 with an overall average change of +1,710. Today’s report reflected a build+ of +4,277.
- Measuring the previous 10-years plus today and ranked high to low, today’s Ending Stocks ranks as number 1 of 11. Ending Stocks are now +88,484 or +22% above the 10-Year average.
- Including today’s report there have been 8 builds+ and 3 draws-. Ranked high to low, this week’s build+ ranks as number 2 of 8.
- Futures change in price as measured open to close, the day of the report, had an Up+ / Dn- ratio of +3 / -2 vs. +6 / -4. Futures change in price as measured from today’s close to next week’s report day open (T+1W), had an Up+/Dn- Ratio of +2 / -3 and +3 / -7.
- As of today’s report, the number of consecutive weeks Change in Stocks were either Up+ or Dn-, and the accumulated change in stocks since the sequence began is: +1 with a cumulative change of +4,277 or +.9%.
Gasoline
Measuring the change in stocks over the previous 5- and 10-year periods prior to today’s report, the build+/draw- ratio was +2 / -3 vs. +4 / -6. If a build, the 10-Year average change was +1,388 or if a draw, the average change was -1,592 with an overall average change of 400. Today’s report reflected a draw- of -2,309.
- Measuring the previous 10-years plus today and ranked high to low, today’s Ending Stocks ranks as number 2 of 11. Ending Stocks are now +13,303 or +6% above the 10-Year average.
- Including today’s report there have been 4 builds+ and 7 draws-. Ranked high to low, this week’s draw- ranks as number 2 of 7.
- Futures change in price as measured open to close, the day of the report, had an Up+ / Dn- ratio of +2 / -3 vs. +5 / -5. Futures change in price as measured from today’s close to next week’s report day open (T+1W), had an Up+/Dn- Ratio of +1 / -4 and +3 / -7.
- As of today’s report, the number of consecutive weeks Change in Stocks were either Up+ or Dn-, and the accumulated change in stocks since the sequence began is: -1 with a cumulative change of -2,309 or -1.%.
Distillate
Measuring the change in stocks over the previous 5- and 10-year periods prior to today’s report, the build+/draw- ratio was +1 / -4 vs. +1 / -9. If a build, the 10-Year average change was +352 or if a draw, the average change was -2,416 with an overall average change of 2,139. Today’s report reflected a draw- of -5,355.
- Measuring the previous 10-years plus today and ranked high to low, today’s Ending Stocks ranks as number 2 of 11. Ending Stocks are now +19,916 or +15% above the 10-Year average.
- Including today’s report there have been 1 builds+ and 10 draws-. Ranked high to low, this week’s draw- ranks as number 1 of 10.
- Futures change in price as measured open to close, the day of the report, had an Up+ / Dn- ratio of +3 / -2 vs. +5 / -5. Futures change in price as measured from today’s close to next week’s report day open (T+1W), had an Up+/Dn- Ratio of +1 / -4 and +3 / -7.
- As of today’s report, the number of consecutive weeks Change in Stocks were either Up+ or Dn-, and the accumulated change in stocks since the sequence began is: -8 with a cumulative change of -26,653 or -15.1%.
Total Stocks
Measuring the change in stocks over the previous 5- and 10-year periods prior to today’s report, the build+/draw- ratio was +4 / -1 vs. +5 / -5. If a build, the 10-Year average change was +2,475 or if a draw, the average change was -4,133 with an overall average change of 829. Today’s report reflected a draw- of -3,387.
- Measuring the previous 10-years plus today and ranked high to low, today’s Ending Stocks ranks as number 1 of 11. Ending Stocks are now +121,702 or +16% above the 10-Year average.
- Including today’s report there have been 5 builds+ and 6 draws-. Ranked high to low, this week’s draw- ranks as number 3 of 6.
- As of today’s report, the number of consecutive weeks Change in Stocks were either Up+ or Dn-, and the accumulated change in stocks since the sequence began is: -16 with a cumulative change of -97,845 or -10.2%.
There were 16 exceptions generated by today’s EIA report which are detailed on The Exceptions Report on page 4 of the Petroleum Brief.
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