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Weekly Oil Stats Delayed 10 Feb 2010

The crude oil inventory data which was due for release today by the DOE and covering the week ending 5th February will now not be released until 11.00 am EST Friday 12th February.  The delay is owing to the weekend snowstorm which closed federal offices on Monday & Tuesday.

Analyst forecasts for this week were:

Crude inventory to rise 1.3m barrels
Gasoline to rise by 100k barrels
Distillates (including heating oil & diesel) to fall by 1.8m barrel
Refining capacity to rise 0.3% to 78%

It is difficult to predict whether this is likely to have any affect on today’s oil trading session as markets are still focused on the situation with Greece.

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