Around The Barrel – Crude Oil and Gasoline Outlook

Viewing 8 posts - 1 through 8 (of 8 total)
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  • #21558
    TradersCom
    Keymaster

    The EIA reported buids in crude of +2385k…

    [article]1670[/article]

    #21565
    ThePitBoss
    Participant

    Reuters Reports China chartered its first US crude cargo since latest tariff threats

    Crude Popped around 50 cents on this but perhaps explains the squeezwe frm the morning.

    Reuters said based on sources familiar with the situation.

    China set to receive 11 million US barrels in August. That is the largest since June 2018
    Another 4.1 million barrels per set to arrive in September
    The cargo is estimated to arrive by October and November

    Reuters

    #21566
    TradersCom
    Keymaster

    US WTI crude oil futures settle and for the week at $54.50.

    Up $1.96 or 3.73% with high today reached $54.92 and a low of $52.37.

    Solid bounce off the low $50.52 on Wednesday But still on the week down $1.66 or -2.9%.

    #21607
    ThePitBoss
    Participant

    With the delay on tariff news WTI crude oil futures are settled $57.10, up $2.17 or 3.95%.

    #21615
    ThePitBoss
    Participant

    People are driving:

    All time record for weekly gasoline demand:
    Gasoline Demand (000 bpd)
    2016 9,327
    2017 9,264
    2018 9,312
    YTD 2018 9,351
    YTD 2019 9,337

    This report: 9932
    All Time Max 9,932

    #21638
    TradersCom
    Keymaster

    October WTI Futures Flipped Under September on OPEX by 3 cents = Oct down 6 c more today

    #21640
    ThePitBoss
    Participant

    On option expiration US crude oil settled at $54.47 down $0.76 or -1.38%

    High $55.33.
    Low $53.73.

    #21657
    ThePitBoss
    Participant

    WTI crude oil futures settled at $54.87 Up $0.40 or 0.73%

    High $55.67
    Low $54.26.

    Close last Friday $54.27

    High for week $57.45
    Low $53.54.

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