EIA Report Date 11/18/20
Crude Oil, Gasoline, Distillate, Total Stocks – EIA Week # 46
Crude Oil +769
Gasoline +2,611
Distillate -5,216
Total Stocks -1,836
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 +4 / -1 vs. +6 / -4. If a build, the 10-Year average change was +2,457 or if a draw, the average change was -4,207 with an overall average change of 209. Today’s report reflected a build+ of +769.
- 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 +89,461 or +22% above the 10-Year average.
- Including today’s report there have been 7 builds+ and 4 draws-. Ranked high to low, this week’s build+ ranks as number 5 of 7.
- 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 +3 / -2 and +6 / -4.
- 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: +2 with a cumulative change of +5,046 or +1.%.
Gasoline
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. +6 / -4. If a build, the 10-Year average change was +1,511 or if a draw, the average change was -1,461 with an overall average change of +322. Today’s report reflected a build+ of +2,611.
- 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 +15,592 or +7% above the 10-Year average.
- Including today’s report there have been 7 builds+ and 4 draws-. Ranked high to low, this week’s build+ 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 +3 / -1 vs. +6 / -3. 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 +4 / -1 and +6 / -4.
- 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 +2,611 or +1.2%.
Distillate
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. +2 / -8. If a build, the 10-Year average change was +290 or if a draw, the average change was -1,656 with an overall average change of 1,267. Today’s report reflected a draw- of -5,216.
- Measuring the previous 10-years plus today and ranked high to low, today’s Ending Stocks ranks as number 3 of 11. Ending Stocks are now +15,966 or +12% above the 10-Year average.
- Including today’s report there have been 2 builds+ and 9 draws-. Ranked high to low, this week’s draw- ranks as number 1 of 9.
- Futures change in price as measured open to close, the day of the report, had an Up+ / Dn- ratio of +1 / -4 vs. +3 / -7. 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 +4 / -1 and +7 / -3.
- 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: -9 with a cumulative change of -31,869 or -18.1%.
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 +2,805 or if a draw, the average change was -5,112 with an overall average change of 1,154. Today’s report reflected a draw- of -1,836.
- 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 +121,019 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 5 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: -17 with a cumulative change of -99,681 or -10.4%.
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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