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EIA reported a draw in crude oil with big builds in gasoline and distillates last week. Cushing inventories drew with production at 11.9 mbpd another ATH. Crude oil futures volatilty continued with WTI options expiration. 

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 1/8/19

  • via TradersCommunity.com
  • Release Time: Wednesday 16 January 2018 - 10:30 ET 
EIA Expected Prior EIA API
Crude -2683k  -1500k -1680k  -560k
 Cushing -743k -690k +330k -796k


+3200k +8066k +5991k
Distillate +2967k


+10611k +3210k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization -1.5% 94.6% Exp +0.3%
  • Production Prior +200k 11.90k bd ATH (+22% 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 1 4 19

MW WTI W 1 10 19

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

WTI Crude Oil Futures Committment of Traders



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  2018 (ATH) high.

US Oil Imports Week Over Week 

US Oil Input Into Refineries Per Day 

US consumers spent $808.3 billion per day for gasoline last week. That is -$122.6 million more dollars per day than same week last year.  

US gasoline avg retail price was $2.247 per gallon, -31 cents less per gallon YoY.  

US consumers bought 359.73 million gallons of gasoline per day last week.

US Oil Field Production ATH of 11.9 mbpd

US Oil Refinery Utilization 


 Cushing Oil Stocks

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

 ** 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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