---
title: Futures Spike on Bullish DOE Numbers
description: The interesting note to the entire session is that Crude, at its peak today, was only up $1.50. In the last half hour of trading, HO looked to
---

[Dennis K. Burke, Inc. Market Updates ](https://www.burkeoil.com/value-added-services/energy-market-updates)

# [Futures Spike on Bullish DOE Numbers](https://www.burkeoil.com/value-added-services/energy-market-updates/bid/87728/Futures-Spike-on-Bullish-DOE-Numbers)

 Written by [Mark Pszeniczny](https://www.burkeoil.com/value-added-services/energy-market-updates/author/mark-pszeniczny) | Aug 1, 2012 8:01:00 PM

After last nights API data release that showed Crude suffering a massive 11.2 mbl draw, most were awaiting todays DOE numbers with one eye closed, hoping it was an aberration. For those watching the screens at precisely 10:30 this morning you saw Rbob spike 4 cents and HO jump 3. While not as horrific as an 11 million barrel draw, Crude still lost 6.5mbl according to the DOE. Gasolines fell 2.2mbl and distillates fell 974k. Still, far more than expectations. Other Bullish influences to the Market early were the Federal Reserve meetings that many had been betting on another round of stimulus. That gamble didn't pay off as a short time ago they announced that while the economic turn around has slowed, it doesn't warrant another round of stimulus... yet. The interesting note to the entire session is that Crude, at its peak today, was only up $1.50. In the last half hour of the trade, HO looked to be going negative as the air was let out of the balloon. RBOB inflated to much to peel off any of the gains and finished up .0599 to $2.8342, HO gained .0108 to 2.8588 and Crude added .85 to $88.91. Thursday sets up to be another exciting day with Jobless figures due out at 8:30.

| RBOB CLOSE |
| --- |
| CLOSE CHANGE   SEPT 28342 +.0599 OCT 26281 +.0447 NOV 25322 +.0401 DEC 25398 +.0370 JAN 25282 +.0334 FEB 25322 +.0320 |

| HEAT CLOSE |
| --- |
| CLOSE CHANGE SEPT 28588 +.0108 OCT 28663 +.0105 NOV 28748 +.0101 DEC 28819 +.0108 JAN 28869 +.0113 FEB 28831 +.0104 |

[View full post](https://www.burkeoil.com/value-added-services/energy-market-updates/bid/87728/Futures-Spike-on-Bullish-DOE-Numbers)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Mark Pszeniczny"
  },
  "dateModified" : "2016-05-18T19:32:13.004Z",
  "datePublished" : "2012-08-01T20:01:00Z",
  "headline" : "Futures Spike on Bullish DOE Numbers",
  "image" : {
    "@type" : "ImageObject",
    "url" : "https://origin.ih.constantcontact.com/fs009/1103622714445/img/129.jpg"
  },
  "mainEntityOfPage" : "https://www.burkeoil.com/value-added-services/energy-market-updates/bid/87728/Futures-Spike-on-Bullish-DOE-Numbers",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Energy Market Updates"
  }
}
```