Archives of “February 2, 2022” day

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Crude oil inventories for the current week draw of -1.046M versus estimate build of 1.525M

  
Analysis, Crude
  • Crude oil -1.046M versus estimates of 1.525M. Private data showed a drawdown of -1.65M
  • Gasoline 2.119 versus estimates of 1.645M. Private data showed a build of 5.82M
  • Distillates -2.411M versus estimates of -1.492M. Private data showed a drawdown of -2.51M
  • Cushing -1.173M versus previous of -1.823M. Private data showed a draw of -1.03M
  • weekly crude oil production 11.5M versus 11.6M last week
  • refining utilization -1.00% versus -0.1% estimate. Previously -0.4%

WTI crude oil was trading at $87.82 down $0.38 just ahead of the release.

The current price is trading at $87.54 after the report

The US major indices closing higher and near highs for the 3rd day in a row.

  
Analysis, US Market

The major US indices are closing higher and near the highs for the day for the 3rd day in a row.

After the close alphabet Q4 results saw a beat on the revenues and earnings per share. They also announced a 20:1 stock split. The price of Alphabet is trading up $137 or 4.98% it $2890.

The closing numbers for the major indices are showing:

  • Dow industrial average up 273.38 points or 0.78% at 35405.23
  • S&P index up 30.99 points or 0.69% at 4546.53
  • NASDAQ index up 106.13 points or 0.75% at 14346.01
  • Russell 2000 rose 22.28 points or 1.1% at 2050.74
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