{"id":8184,"date":"2010-02-25T09:54:46","date_gmt":"2010-02-25T14:54:46","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=8184"},"modified":"2016-09-20T06:26:19","modified_gmt":"2016-09-20T10:26:19","slug":"oil-inventories-and-the-facts-uso","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2010\/02\/25\/oil-inventories-and-the-facts-uso\/","title":{"rendered":"Oil Inventories and The Facts  (USO)"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8198 alignright\" title=\"oil\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/02\/oil-1.jpg\" alt=\"\" width=\"78\" height=\"118\" \/>There were mixed numbers from both the API and the DOE. On Tuesday night, the API came out with numbers that showed a large draw-down in Oil inventories but a significant gain in gasoline inventories. Yet, as we have seen before the next day, the report by the DOE showed quite a different picture.<\/p>\n<p>From our perspective, we view the API number as a reflection of the consumption in the U.S. and the DOE a worldwide result. Therefore, we could consider that the <!--more-->U.S. is consuming less gasoline and less refining as compared to the oil flows.<\/p>\n<p>This can also be compared to the DOE is a relative manner helping to show that the global <em>recovery <\/em>may be stronger than the U.S. <em>recovery<\/em>.<\/p>\n<p>According to the DOE:<\/p>\n<ul>\n<li>Distillate Inventories Fell 591,000 Barrels<\/li>\n<li>Gasoline Inventories Fell 895,000 Barrels<\/li>\n<li>Crude Oil Inventories Rose 3.03 Mln Barrels<\/li>\n<\/ul>\n<p>According to the API:<\/p>\n<ul>\n<li>Gasoline Inventories Rose 1.73 Mln Barrels<\/li>\n<li>Crude Oil Inventories Fell 3.13 Mln Barrels<\/li>\n<\/ul>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/02\/Oil-20100224-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8185\" title=\"Oil 20100224\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/02\/Oil-20100224-1.png\" alt=\"\" width=\"588\" height=\"343\" \/><\/a><\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/02\/gas-20100224-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8186\" title=\"gas 20100224\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/02\/gas-20100224-1.png\" alt=\"\" width=\"585\" height=\"346\" \/><\/a><\/p>\n<p>___<\/p>\n<p>Disclosure: <a title=\"Horowitz &amp; Company\" href=\"http:\/\/www.horowitzandcompany.com\">Horowitz &amp; Company<\/a> clients may hold positions of securities mentioned as of the date published.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There were mixed numbers from both the API and the DOE. On Tuesday night, the API came out with numbers that showed a large draw-down in Oil inventories but a significant gain in gasoline inventories. Yet, as we have seen before the next day, the report by the DOE showed quite a different picture. From [&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":[286,71],"class_list":["post-8184","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-commodities","tag-oil","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\/8184","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=8184"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/8184\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=8184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=8184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=8184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}