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Sunday, Oct 13
EIA to halt publication of key reports
- The Energy Information Administration will suspend the weekly publication of the Petroleum Status Report, which comes out on Wednesdays, after furloughing staff on Friday because of the government shutdown.
- With its crude oil and gasoline data, the report is key for traders, who will now have to rely on commercial studies from organizations such as the American Petroleum Institute. The problem is that the API report is incomplete, while paying subscribers receive it earlier than everybody else.
- The EIA will also presumably suspend its natural gas inventory report, a study that is released on Thursdays.
- ETFs: FCG, GASL, GASX, JJE, RJN, DBE, UBN, RGRE, OIL, USO, DBO, OLO, USL, CRUD, UCO, DTO, SCO, SZO, DNO, UWTI, DWTI