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EIA reported another big build in crude oil with draws in gasoline and a build in cushing inventories last week.  Production remained at an all time high with 11.7 mbpd. Crude oil futures volatilty as long biased funds collapsed and the Trump OPEC rhetoric picked up



Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 11/21/18

  • via TradersCommunity.com
  • Release Time: Wednesday 28 November 2018 - 10:30 ET 
EIA Expected Prior EIA API
Crude +3577k  +800k +4851k +3453k
 Cushing +1177k  +840k -116k +1302k
Gasoline

-764k

+600k -1259k -2620k
Distillate +2610

-900k

-77k +1185k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization  Prior + 2.9% at 95.6% Exp +0.3%
  • Production Prior UNCH at 11.70k bd ATH (+20% 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 24 18

MW WTI W 11 24 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. Just off 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 $979.8 billion per day for gasoline last week. That is +$51.70 million more dollars per day than same week last year.  

US gasoline avg retail price was $2.539 per gallon, +.6 cents more per gallon YoY.  

US consumers bought 685.90 million gallons of gasoline per day last week.

US Oil Field Production At ATH of 11.7 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

REGULAR & HOLIDAY RELEASE SCHEDULE

Further Crude Oil Analysis Criterion Research

From TradersCommunity Research

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