EIA Inventory report showed a surprise build in crude after whispers of a another huge draw in crude oil this week. We saw oil prices jump on OPEC, Syncrude, Midland and Iran importers told to stop by the U.S. Saudi Arabia says to produce at record highs. Volatility 101.
EIA Inventory report showed a surprise build in crude after whispers of a another huge draw in crude oil this week. We saw oil prices jump on OPEC, Syncrude, Midland and Iran importers told to stop by the U.S. Saudi Arabia says to produce at record highs. Volatility 101.
Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.
DOE Weekly Petroleum Status Report: 6/27/18
- via TradersCommunity.com
- Release Time: Thursday 5 July 2018 – 11:00 ET
| Actual | Expected | Prior EIA | API | |
| Crude | +1245k | -3300k | -9891k | -4500k |
| Cushing | -2113k | -2664k | –2713k | -2600k |
| Gasoline | -1505k | -1000k | +1156k | -3100k |
| Distillate | +134k | -600k | +15k | -400k |
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization -.04% to 97.1% Exp +0.8%
- Production Unch at 10.90k bd (ATH) +15.5% y/y
Summary of Weekly Petroleum Data for the Week (Live Link)
US Petroleum Inventories Getting Tight?
SELECTED INDICATORS from the EIA Weekly Petroleum Status Report for the week ending 22 Jun 2018
- via John Kemp @JKempEnergy RonH @Ronh999
Criterion U.S. Crude Oil Production Forecast @Criterionrsch
WTI Crude Oil Futures Committment of Traders
CL DCOT futures only managed money traders have the least amount of shorts in history. Only 19,159.
EIA Inventory Forecast via @tankertrackers.com
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
The Fundamental Angle with Brynne Kelly @BrynneKKelly
DigStic Data @DigStic
RonH Data @Ronh999
US Oil Exports
- US oil exports off their 2018 (ATH) high.
US Oil Imports Week Over Week – New High for 2018
US Oil Input Into Refineries Per Day
US consumers spent $1.1788 billion per day for gasoline last week. That is $257.60 million more dollars per day than same week last year.
US gasoline avg retail price was $2.844 per gallon. That is 58.4 cents more per gallon YoY.
US consumers bought 414.5 million gallons of gasoline per day last week. A new 2018 High
US Oil Field Production, Unchanged at Record High
US Oil Refinery Utilization, New 2018 High
Cushing Oil Stocks
NB: Check out Ron’s great work at Ron H Public Tableau Link
Ahead of API July WTI crude oil futures settled at $66.36/bbl. $0.26. +0.39% via @Lee_Saks
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