Silver as an investment

Category Archives: Gasoline

WTI Lifts Towards $48 After Biggest Crude Inventory Draw Since September

WTI slipped back to almost a $46 handle today before bouncing modestly into the close ahead of tonight's API report, with all bullish eyes hoping last week's surprise gasoline build was a 'blip'. API reported a much larger than expected crude draw (biggest since Sept 2016) and while WTI rallied on the print, it was […]

WTI/RBOB Sink After Biggest Gasoline Build In 7 Months, Production Hits New Cycle High

zerohedge.com / by Tyler Durden / Aug 9, 2017 10:38 AM Last night’s mixed bag from API has been dominated by ‘war premium’ in oil prices as WTI bounced off $49 ahead of the DOE report which confirmed that gasoline inventories surprisingly built (+3.42mm vs -1.5mm exp) – the biggest build since January – and Crude inventories drew (though less than API). […]

BofA Stunned By Drop In Gasoline Demand: “Where Is Driving Season?”

Exactly six months ago, when oil bulls still held on to some fleeting hope that OPEC may somehow stabilize the crash in oil prices despite the shift in marginal oil production from low-cost OPEC producers to US shale (a hope which is now gone as the just disclosed letter from Andy Hall demonstrates), Goldman noticed […]

WTI/RBOB Jump On Gaosline Draw As US Crude Production Tumbles Most Since August

Last night's unexpected API builds kneejerked prices lower but a weaker dollar helped levitate WTI/RBOB into the DOE print. While tropical depression Cindy may have affected the data, DOE reports a small build in crude (expectations for a draw) but all eyes were on gasoline which drew 894k, well below API's build levels and expectation […]

WTI Tumbles To $42, Brent Below $45 As Credit Crashes

High yield energy credit markets are in trouble again, with risk now at its highest level in 7 months. Despite this morning’s Iran-hyped OPEC bullshit and a small draw in Gasoline, it appears the reality of surging US shale production and lagging demand is weighing down oil (and gasoline) markets… Since OPEC announced its production […]

WTI/RBOB Stumble After Mixed Inventory Data, 16th Straight Week Of Increased Crude Production

zerohedge.com / by Tyler Durden / May 24, 2017 10:40 AM WTI/RBOB prices were relatively unchanged from last night’s API inventory print (despite some volatility from OEPC headlines) ahead of the DOE print, but that did not last long as Crude saw a much bigger than expected draw (-4.43mm vs -2mm exp) and gasoline a considerably smaller draw […]

The Pillage of Pemex Turns Bloody

wolfstreet.com / By Don Quijones, Spain & Mexico / May 21, 2017  Gasoline theft is now the second most profitable activity for Mexico’s criminal gangs. Mexico’s state-owned oil giant, Petróleos de Mexico, AKA Pemex, has spent the last few decades being pillaged and plundered from the inside-out. The state-owned giant has been financially bled to the verge of […]

Bacon Boom Busts

Great news America – After soaring to the highest price in three years, wholesale prices for pork bellies, the cut used for making bacon, are heading for a 25% loss over two weeks. As Bloomberg notes, increased demand had more than doubled prices since August, but now bellies are so expensive that the high costs […]

WTI, RBOB Prices Slide After Biggest Inventory Build Since October

zerohedge.com / by Tyler Durden / Jan 31, 2017 4:39 PM WTI (and RBOB) prices slid lower into the NYMEX close ahead of API’s report tonight that showed further major builds in crude and products. Crude saw inventories rise 5.83mm barrels last week – the most since the end of October and while Cushing saw its 4th weekly […]

Core PPI Comes Hotter Than Expected, Driven By Rising “Brokerage, Investment Advice” Prices

zerohedge.com / by Tyler Durden / Jan 13, 2017 8:57 AM While headline PPI came in at 0.3% on a sequential basis, as expected, and rose 1.6% on the year, also in line with expectations, it was the core PPI that came in modestly hotter than expected, printing at 0.2%, above the expected 0.1%, and rose 1.6% Y/Y, […]