EIA Reports Crude Oil Inventories Build Massive 7.975 mbbls

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..

Cushing Storage Tanks

Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.

DOE Weekly Petroleum Status Report: 9/26/18

  • via TradersCommunity.com
  • Release Time: Wednesday 3 October 2018 – 10:30 ET 
ActualExpectedPrior EIAAPI
Crude+7975k +1100k+1853k+907k
 Cushing+1699k +1560k+461k+2000k
Gasoline

-459k

+1200k+1530k-1700k
Distillate-1750k

-1700k

-2241k-1200k

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)

Summary of Weekly Petroleum Data for the Week (Live Link)

 

US Crude Oil Prices and Recessions

 

Via John Kemp @JKempEnergy 

 

 

WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave

MW WTI W 9 29 18

DigStic Range Data @DigStic – Where are the key option, break points?

WTI Crude Oil Futures Committment of Traders

 

 

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 

The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly

 

 

DigStic Data @DigStic



 

  

RonH Data ‏@Ronh999

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

CME Crude Oil Futures Calendar

CME Crude Oil Options Calendar

REGULAR & HOLIDAY RELEASE SCHEDULE

Further Crude Oil Analysis Criterion Research

From TradersCommunity Research

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