EIA reported another huge build in crude oil with draws in gasoline and Cushing inventories last week. Production remained at an all time high with 11.7 mbpd. Crude oil futures volatilty as long biased funds collapsed and the Trump OPEC rhetoric picked up.
EIA reported another huge build in crude oil with draws in gasoline and cushing inventories last week. Production remained at an all time high with 11.7 mbpd. Crude oil futures volatilty as long biased funds collapsed and the Trump OPEC rhetoric picked up
Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.
- via TradersCommunity.com
- Release Time: Wednesday 21 November 2018 – 10:30 ET
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization + 2.6% at 92.7% Exp -0.3%
- Production UNCH at 11.70k bd ATH (+15.7y/y)
Via John Kemp @JKempEnergy
CL_f DCOT futures only managed money traders. Just off lowest amount of total positions since Dec 2014
CL_f DCOT futures only managed money traders. Least amount of longs since Jan 2016
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 $1.007 billion per day for gasoline last week. That is -$27.70 million more dollars per day than same week last year.
US gasoline avg retail price was $2.611 per gallon, +4.3 cents more per gallon YoY.
US consumers bought 385.77 million gallons of gasoline per day last week.
US Oil Field Production At ATH of 11.7 mbpd
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