EIA reported a small build in crude oil with huge builds in gasoline and distillates. Cushing inventories showed a build last week. Production at 11.7 mbpd ATH. Crude oil futures volatilty continued with market uncertainty with OPEC & Trade War concerns.
EIA reported a small build in crude oil with big builds in gasoline and distillates last week. Cushing inventories showed a build. Production at 11.7 mbpd ATH. Crude oil futures volatilty continued with market uncertainty with OPEC & Trade War concerns
Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.
- via TradersCommunity.com
- Release Time: Wednesday 9 January 2018 – 10:30 ET
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization -1.1% 96.1% Exp +0.3%
- Production UNCH 11.70k bd ATH (+20% 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 2018 (ATH) high.
US Oil Imports Week Over Week
US Oil Input Into Refineries Per Day
US consumers spent $820.7 billion per day for gasoline last week. That is -$112.9 million more dollars per day than same week last year.
US gasoline avg retail price was $2.237 per gallon, -28.5 cents less per gallon YoY.
US consumers bought 366.87 million gallons of gasoline per day last week.
US Oil Field Production 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
** 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