The U.S. pulled out of the Iran nuclear deal ahead of this week’s EIA Inventory report which showed large draws on Crude oil and products. This comes with crude speculators showing record length within in a shifting geopolitical risk matrix.
The U.S. pulled out of the Iran nuclear deal ahead of this week’s EIA Inventory report which showed large draws on Crude oil and products. This comes with crude speculators showing record length within in a shifting geopolitical risk matrix..
Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.
- via TradersCommunity.com
- Release Time: Wedneday 9 May 2018 – 10:30 ET
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization -2.2%% to 90.4% Exp -0.2%
- Production +0.8% to 10.70 mbd ( ATH) +15.1% 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 $1.168 billion per day for gasoline last week. That is $230.7 million more dollars per day than same week last year.
US consumers bought 410.55 million gallons of gasoline per day last week. That is +15.41 million more per day YoY or +28.8 WoW.
US Oil Field Production
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
Further Crude Oil Analysis Criterion Research
From TradersCommunity Research