S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Weekly DOE Data… Rising Oil & Gasoline Stocks As Refining Holds Up (VLO, USO)

Photo of Jon C. Ogg
By Jon C. Ogg Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The weekly data from the Department of Energy showed a rise in Crude Oil Stocks, with a gain of 4.175 million barrels to 338.942 million barrels.  Dow Jones had been expecting a build up of only about 3 million barrels and we were not given any data to suggest much different expectations this week.  The big surprise came from gasoline inventories, which rose by 3.01 million barrels to 230.147 million barrels.  Dow Jones was expecting only 200,000 to build and we had been told to look for a build up of closer to 1 million barrels.

The good news is that refining capacity did not drop as much as the last week’s refining capacity fell to 81.8% from 82.2% a week earlier.  Dow Jones was expecting 81.4% and our data was closer to 81.5%. 

Valero Energy Corporation (NYSE: VLO) has held up well since earnings and the stock today is lagging the broad market up 0.6% at $24.12.

The United States Oil Fund (NYSE: USO) is up 0.1% at $37.87 after the news.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Continue Reading

Jon C. Ogg |

DOE Investories Creating Moves (USO, VLO)

The Department of Energy is out with its weekly data on crude oil stocks in reserve and the other metrics…
Jon C. Ogg |

Big Oil Inventory Build Shakes Up Oil & Gas Sector (USO, UGA, PSX, VLO, OIH)

The Department of Energy is out with its weekly oil and gasoline inventory data and this is going to likely…
Jon C. Ogg |

Refineries Stand Out in DOE Oil Inventory Data (OIH, USO, VLO, SUN, HES)

The weekly supply data is out from the Department of Energy and the refining capacity data continues to be a…
Jon C. Ogg |

Oil Inventories & Capacity Act As Booster (OIH, VLO, PSX, USO)

The U.S. Department of Energy has released its weekly oil inventory data showing a build up in crude inventories as…
Jon C. Ogg |

DOE Surprise… Refineries Coming Back (OIH, USO, VLO, SUN, HES)

If you have followed the oil patch, the news from the refining sector has been abominable.  Overall, we have seen…
Jon C. Ogg |

DOE Data Shows Refineries Hanging Tough (OIH, USO, VLO, SUN, HES)

The weekly Department of Energy inventories data came out this morning.  There seems to be good news for those looking…
Jon C. Ogg |

DOE Very Mixed Oil & Gasoline Inventories and Refining Data (USO, UGA, PSX, VLO, OIH)

The Department of Energy is out with its weekly oil and gasoline inventory data.  Crude oil stocks fell by 191,000…
Jon C. Ogg |

DOE: Crude Inventory & Refining Hold High (OIH, USO, VLO)

The Department of Energy released its weekly Crude Oil and energy inventories this morning.  Some real surprises were seen considering…
Jon C. Ogg |

DOE Crude & Gasoline Inventories Meet High Refining Capacity (USO, UGA, PSX, VLO, OIH)

The weekly oil inventories are out from the Department of Energy and we have yet another trend that is good…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618