The EIA Inventory report showed large builds in crude oil and gasoline this week with WTI climbing over $72 bbl We saw production unchanged and oil rigs continue to rise. Crude speculators are unwinding record length within in a shifting geopolitical risk matrix.
EIA Inventory report showed large draws in Crude oil and products last week with WTI climbing over $72 bbl. Crude speculators are unwinding record length within in a shifting geopolitical risk matrix.
Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.
DOE Weekly Petroleum Status Report: 5/16/18
- via TradersCommunity.com
- Release Time: Wedneday 23 May 2018 – 10:30 ET
| Actual | Expected | Prior EIA | Previous API | |
| Crude | +5778k | -2800k | -1404k | -1300k |
| Cushing | –1223k | -197k | +53k | -822k |
| Gasoline | +1883k | -1500k | -3790k | +980k |
| Distillate | -951k | -1000k | -92k | -1300k |
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization Prior +0.7% to 91.8% Exp -0.2%
- Production UNCH After Prior +0.2% to 10.723 mbd ( ATH) +15.2% y/y
Summary of Weekly Petroleum Data for the Week (Live Link)
US Petroleum Inventories Getting Tight? via Barclays Research
Criterion U.S. Crude Oil Production Forecast @Criterionrsch
WTI and Brent Crude Oil Futures Committment of Traders
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 Imports Week Over Week
US Oil Input Into Refineries Per Day
US consumers spent $1.1895 billion per day for gasoline last week. That is $211.60 million more dollars per day than same week last year.
US consumers bought 406.94 million gallons of gasoline per day last week.
US Oil Field Production, Unchanged At 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 June 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
CME Crude Oil Futures Calendar
CME Crude Oil Options Calendar
REGULAR & HOLIDAY RELEASE SCHEDULE
Further Crude Oil Analysis Criterion Research
From TradersCommunity Research