EIA reported another big build in crude oil with draws in gasoline and a build in 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 big build in crude oil with draws in gasoline and a build in 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.
DOE Weekly Petroleum Status Report: 11/21/18
- via TradersCommunity.com
- Release Time: Wednesday 28 November 2018 – 10:30 ET
| EIA | Expected | Prior EIA | API | |
| Crude | +3577k | +800k | +4851k | +3453k |
| Cushing | +1177k | +840k | -116k | +1302k |
| Gasoline | -764k | +600k | -1259k | -2620k |
| Distillate | +2610 | -900k | -77k | +1185k |
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization Prior + 2.9% at 95.6% Exp +0.3%
- Production Prior UNCH at 11.70k bd ATH (+20% 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
DigStic Range Data @DigStic – Where are the key option, break points?
WTI Crude Oil Futures Committment of Traders
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
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 $979.8 billion per day for gasoline last week. That is +$51.70 million more dollars per day than same week last year.
US gasoline avg retail price was $2.539 per gallon, +.6 cents more per gallon YoY.
US consumers bought 685.90 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
CME Crude Oil Futures Calendar
CME Crude Oil Options Calendar
REGULAR & HOLIDAY RELEASE SCHEDULE
Further Crude Oil Analysis Criterion Research
From TradersCommunity Research