---
title: Futures Turn on Stimulus Talk
description: what started out as a solid down day, turned on the expectation of what we think might happen, thus pushing the NYMEX higher by the closing bell..
---

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

# [Futures Turn on Stimulus Talk](https://www.burkeoil.com/value-added-services/energy-market-updates/bid/98264/futures-turn-on-stimulus-talk)

 Written by [Mark Pszeniczny](https://www.burkeoil.com/value-added-services/energy-market-updates/author/mark-pszeniczny) | May 15, 2013 9:29:00 PM

Much of what we view every day in this business is based primarily on expectations and ultimately, reality.  Today was precisely one of those days.  While most expected slightly bearish inventory numbers, the news at 10:30 that showed Gasoline's up 2.6mbl and Distillates up 2.3mbl well beat expectations of builds of 700k and 800k respectively.  Pits reacted by selling off over four cents in each HO and RBOB.  With Crude showing a draw of 600k barrels while many expected a build of the same amount, you had to think how long the fall would last.  At the same time, the European Zone released figures that showed its GDP fell for the sixth straight quarter.  Soon talk of more FED stimulus took over the trade and the buy back gained momentum.  From what started out as a solid down day, turned on the expectation of what we think might happen, thus pushing the NYMEX higher by the closing bell.  At the close, Crude gain .09 to $94.30, HEAT added .0071 to $2.8801 and RBOB led the charge jumping .0294 to $2.8670, almost .10 higher than the intraday low.... Looks like some expect a busy driving season.

 

| RBOB Close |
| --- |
|       Close            Change JUN    2.8670       +.0294 JUL    2.8480       +.0276 AUG    2.8192       +.0260 SEP    2.7853       +.0247 OCT    2.6407       +.0190 NOV    2.6130       +.0166 |

| HEAT Close |
| --- |
|        Close            Change JUN    2.8801       +.0071 JUL    2.8742       +.0080 AUG    2.8797       +.0095 SEP    2.8892       +.0107 OCT    2.8977       +.0111 NOV    2.9031       +.0107 |

[View full post](https://www.burkeoil.com/value-added-services/energy-market-updates/bid/98264/futures-turn-on-stimulus-talk)

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