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  • Weekly Crude Inventory Data Shows Build of 1.1M Barrels

    From streetinsider.com

    U.S. crude oil refinery inputs averaged 16.7 million barrels per day during the week ending September 13, 2019, which was 788,000 barrels per day less than the previous week’s average. Refineries operated at 91.2% of their operable capacity last week. Gasoline production decreased last week, averaging 9.5 million barrels per day. Distillate fuel production decreased last week, averaging 5.1 million barrels per day. U.S. crude oil imports averaged 7.1 million barrels per day last week, up by 326,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.7 million barrels ... (full story)

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  • Post #1
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  • Sep 18, 2019 10:41am Sep 18, 2019 10:41am
  •  mtruefx
  • | Joined Mar 2019 | Status: Member | 8 Comments
Newbie question: What does this mean for oilprices?
  • Post #2
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  • Sep 18, 2019 10:48am Sep 18, 2019 10:48am
  •  vpn
  • | Joined Aug 2019 | Status: Member | 22 Comments
Not a bad little move there... too bad I was on the wrong side
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  • Post #3
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  • Sep 18, 2019 10:51am Sep 18, 2019 10:51am
  •  Ghass1234
  • | Joined Dec 2018 | Status: Member | 1,411 Comments
But oil Should go Down in this case if inventory positiv
1
  • Post #4
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  • Sep 18, 2019 10:51am Sep 18, 2019 10:51am
  •  swing77
  • Joined Oct 2015 | Status: Member | 1,264 Comments
time for play the game
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  • Post #5
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  • Sep 18, 2019 11:56am Sep 18, 2019 11:56am
  •  Guest
  • | IP XX.XX.220.216
Leave oil alone for at least 30 mins after the inventory. just my opinion
  • Post #6
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  • Sep 18, 2019 12:04pm Sep 18, 2019 12:04pm
  •  mga35
  • | Joined Mar 2019 | Status: Follow the Big Money | 122 Comments
What is the difference between today's report which is releases by EIA and the one that was released yesterday by API ?
  • Post #7
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  • Edited at 8:19pm Sep 18, 2019 8:06pm | Edited at 8:19pm
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 124 Comments
Quoting mga35
Disliked
What is the difference between today's report which is releases by EIA and the one that was released yesterday by API ?
Ignored
The EIA data is seen as the more accurate measure. EIA a federal agency. It requires major oil companies to complete their surveys and there's civil and criminal penalties for any failure to report accurately or in a timely manner.

The API represents the American companies involved in producing, refining, and distributing petroleum products. They report on refinery operations that account for most of the refinery production.

Both have impact, but the EIA data has greater impact.
1
  • Post #8
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  • Oct 19, 2019 11:54am Oct 19, 2019 11:54am
  •  mga35
  • | Joined Mar 2019 | Status: Follow the Big Money | 122 Comments
Quoting Guest
Disliked
Leave oil alone for at least 30 mins after the inventory. just my opinion
Ignored
What kind of app is this?
  •  Guest
  • | IP X.XXX.96.22
Join FF
  • Story Stats
  • Posted: Sep 18, 2019 10:33am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 8  /  Views: 4,780
  • Linked event:
    USD Crude Oil Inventories
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