{"id":19475,"date":"2012-07-02T11:29:41","date_gmt":"2012-07-02T15:29:41","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=19475"},"modified":"2016-09-20T12:04:34","modified_gmt":"2016-09-20T16:04:34","slug":"oil-inventory-glut-gasoline-prices-heading-looks-obvious","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2012\/07\/02\/oil-inventory-glut-gasoline-prices-heading-looks-obvious\/","title":{"rendered":"Oil Inventory Glut &#8211; Gasoline Prices Heading&#8230;(Looks Obvious)"},"content":{"rendered":"<p>It is not only the fact that the USD has strengthened of late that is causing oil prices to come down. Clearly there is a lack of demand as supply is growing.<\/p>\n<p>Or, there is a ever increasing amount of supply that is coming on board. This could be from the latest efficiency from fracking and other finds in the U.S. oilfields.<\/p>\n<p>The latest DOE inventory data from last Wednesday showed another bearish report. Anyway you slice it, this remains a bearish sign for oil and gas prices. That said, there is no telling <!--more-->how the gang in the pit will take it as we all know that commodities don&#8217;t always see things with supply\/demand in mind.<\/p>\n<p>Oil inventory data from the DOE: (<span style=\"color: #ff0000;\"><strong>BEARISH FOR CRUDE<\/strong><\/span>)<\/p>\n<ul>\n<li>Crude oil inventories had a draw of 0.133 mln (consensus called for a draw of 1.3 mln)<\/li>\n<li>Gasoline inventories had a build of 2.078 mln (consensus called for a build of 1.0 mln)<\/li>\n<li>Distillate inventories had a of draw of 2.279 mln (consensus called for a build of 1.2 mln)<\/li>\n<li>Change in refinery utilization at 0.7%.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/07\/oil1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19476\" title=\"oil1\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/07\/oil1.jpg\" alt=\"\" width=\"567\" height=\"338\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/07\/gas1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19477\" title=\"gas1\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/07\/gas1.jpg\" alt=\"\" width=\"550\" height=\"342\" \/><\/a><\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/07\/gasprice1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19478\" title=\"gasprice1\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/07\/gasprice1.jpg\" alt=\"\" width=\"574\" height=\"340\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is not only the fact that the USD has strengthened of late that is causing oil prices to come down. Clearly there is a lack of demand as supply is growing. Or, there is a ever increasing amount of supply that is coming on board. This could be from the latest efficiency from fracking [&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":[12,42],"tags":[286],"class_list":["post-19475","post","type-post","status-publish","format-standard","hentry","category-markets","category-stocks","tag-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\/19475","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=19475"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19475\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=19475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=19475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=19475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}