{"id":11402,"date":"2010-11-10T12:45:06","date_gmt":"2010-11-10T17:45:06","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=11402"},"modified":"2016-09-20T08:04:26","modified_gmt":"2016-09-20T12:04:26","slug":"doe-inventory-blowout-oil-usedemand-is-picking-up-uso","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2010\/11\/10\/doe-inventory-blowout-oil-usedemand-is-picking-up-uso\/","title":{"rendered":"DoE Inventory Blowout : Oil Use\/Demand is Picking Up (USO)"},"content":{"rendered":"<p>Over the course of the past few years, it has been difficult to see through much of the &#8220;speculation&#8221; that has a played a part in the rise and fall of the price of oil.<\/p>\n<p>Now, as the price is rising again, part of the blame is due to the QE2 program\/falling dollar, but emerging markets are playing a key role as well. Clearly demand is up and that shows through this week&#8217;s <!--more-->inventory data:<\/p>\n<p><strong>VERY BULLISH DOE REPORT<\/strong><\/p>\n<ul>\n<li>Crude oil inventories had a draw of 3,274K (consensus is a build of 1,500K)<\/li>\n<li>Gasoline inventories had a draw of 1,917K (consensus is a draw of 1,000K)<\/li>\n<li>Distillate inventories had a draw of 4,972K (consensus is a draw of 2,000K)<\/li>\n<li>The change in refinery utilization was +0.60% (consensus was 0.00%)<\/li>\n<\/ul>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/11\/Oil-20101110-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11412\" title=\"Oil 20101110\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/11\/Oil-20101110-1.png\" alt=\"\" width=\"602\" height=\"347\" \/><\/a><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/11\/Gas-20101110-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11413\" title=\"Gas 20101110\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/11\/Gas-20101110-1.png\" alt=\"\" width=\"585\" height=\"345\" \/><\/a><\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/11\/Oil-20101110-1.png\"><br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the course of the past few years, it has been difficult to see through much of the &#8220;speculation&#8221; that has a played a part in the rise and fall of the price of oil. Now, as the price is rising again, part of the blame is due to the QE2 program\/falling dollar, but emerging [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[337],"class_list":["post-11402","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economy-commodities","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/11402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=11402"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/11402\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=11402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=11402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=11402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}