EIA oil -4.7
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Started by patrick - Jan. 12, 2022, 10:48 a.m.

Seems about as expected. Consumption of 20.8 pretty average, production steady. At $82.56, not giving back this weeks gains yet.

By metmike - Jan. 12, 2022, 11:23 a.m.
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Thanks patrick!!

Some pretty extreme, sustained cold coming to the Northeast heating oil region is bullish for heating oil but this is usually not a very weather sensitive market.

By metmike - Jan. 12, 2022, 11:28 a.m.
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The market seemed to think the report was bullish from its reaction, especially the RB.