EIA reported a huge build in crude oil with a small draw in gasoline inventories this week. Production was unchanged at an all time high. However the chatter is Iran and OPEC+ and $100 oil prices getting the punter all in.
EIA reported a huge build in crude oil with a small draw in gasoline inventories this week. Production was unchanged at an all time high. However the chatter is Iran and OPEC+ and $100 oil prices getting the punter all in..
Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.
- via TradersCommunity.com
- Release Time: Wednesday 3 October 2018 – 10:30 ET
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization UNCH at 90.4% Exp -0.3%
- Production UNCH 11.10k bd (ATH) +14.9% y/y)
Via John Kemp @JKempEnergy
Read Understanding Commitments of Traders Reports – COT, TFF and DCOT to help understand the disaggregated reports (DCOT) and how they break down the reportable open interest positions into four classifications: 1. Producer/Merchant/Processor/User 2. Swap Dealers 3. Managed Money 4. Other Reportables
US Oil Exports off their 2018 (ATH) high.
US Oil Imports Week Over Week
US Oil Input Into Refineries Per Day
US consumers spent $1.0956 billion per day for gasoline last week. That is $100.1 million more dollars per day than same week last year.
US gasoline avg retail price was $2.866 per gallon, 30.1 cents more per gallon YoY.
US consumers bought 382.28 million gallons of gasoline per day last week.
US Oil Field Production Remains at ATH
US Oil Refinery Utilization
Cushing Oil Stocks
NB: Check out Ron’s great work at Ron H Public Tableau Link
API via Marketwatch
** Note with the unreliability of the API numbers highlighted by its constant debacles we offer you the bare bones of that report.
Key EIA and CME Dates For WTI Crude Oil
Further Crude Oil Analysis Criterion Research
From TradersCommunity Research