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EIA reported another huge build in crude oil and gasoline inventories this week.  Production hit another all time high with 11.4 mbpd. Crude oil futures have fallen over 20 percent since the Iran ramp up spruiked by banker analysts.

Cushing Storage Tanks

Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.

DOE Weekly Petroleum Status Report: 10/31/18

  • via TradersCommunity.com
  • Release Time: Wednesday 7 November 2018 - 10:30 ET 
EIA Expected Prior EIA API
Crude +5783k  +2100k +3217k +7831k
 Cushing +2419k  +2860k +1878k +3073


-2600k -3161k -1195k
Distillate -3465k


-4054k -3638k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization Prior + .6% at 90.0% Exp -0.3%
  • Production  Prior + .400k to 11.60k bd ATH (+15.6 y/y)

 Summary of Weekly Petroleum Data for the Week (Live Link) 

US Crude Oil Prices and Recessions


Via John Kemp @JKempEnergy 



WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave

MW WTI D 11 2 18

DigStic Range Data @DigStic - Where are the key option, break points?

WTI Crude Oil Futures Committment of Traders

CL_f DCOT futures only managed money traders. Lowest amount of total positions since Dec 2014

CL_f DCOT futures only managed money traders. Least amount of longs since Jan 2016


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 

The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly


DigStic Data @DigStic



RonH Data ‏@Ronh999

US Oil Exports off their 2018 (ATH) high.

US Oil Imports Week Over Week 

US Oil Input Into Refineries Per Day 

US consumers spent $1.052 billion per day for gasoline last week. That is $30.70 million more dollars per day than same week last year.  

US gasoline avg retail price was $2.753 per gallon, 19.2 cents more per gallon YoY.  

US consumers bought 382.16 million gallons of gasoline per day last week. 

US Oil Field Production At ATH of 11.6 mbpd

US Oil Refinery Utilization 

 Cushing Oil Stocks

NB: Check out Ron's great work at Ron H Public Tableau Link

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


Further Crude Oil Analysis Criterion Research

From TradersCommunity Research

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