EIA Inventory report showed larger builds in crude oil, gasoline and distillates this week. Gasoline futures sold off aggressively. Production rose again as oil rigs continue to rise. Crude speculators unwound record length on Russia and KSA comments in the geopolitical risk matrix.
EIA Inventory report showed larger builds in crude oil, gasoline and distillates this week. Gasoline futures sold off aggressively. Production rose again as oil rigs continue to rise. Crude speculators unwound record length on Russia and KSA comments in the geopolitical risk matrix..
Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.
- via TradersCommunity.com
- Release Time: Wednesday 6 june 2018 – 10:30 ET
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization +1.5% to 95.4% Exp +0.8%
- Production +31kbd to 10.800 mbd ( ATH) +15.4% y/y
Here is a great shot of Cushing crude oil storage when it was down 45% year-on-year with the red tanks highlighting the empties
US Oil Exports
US Oil Imports Week Over Week
US Oil Input Into Refineries Per Day
US consumers spent $1.1084 billion per day for gasoline last week. That is $163.80 million more dollars per day than same week last year.
US gasoline avg retail price was $2.94 per gallon. That is 52.6 cents more per gallon YoY.
US consumers bought 376.99 million gallons of gasoline per day last week.
US Oil Field Production, Another Record High
US Oil Refinery Utilization
Cushing Oil Stocks
NB: Check out Ron’s great work at Ron H Public Tableau Link
WTI Oil Futures (CL) via @Lee_Saks
Ahead of API July WTI crude oil futures settled at U.S. crude at
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