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Cushing Oil StorageDOE Weekly Petroleum Status Report: 8/16/17
Release Time: Wednesday 23 August 2017 - 10:30 ET

  Actual Expected Prior EIA API
Crude  -3327k  -3400k -8945k  -3595
Cushing -503k  -640k +578k  -462k
Gasoline  -1223k  -1100k +45k  +1402k
Distillate +28k

 -600k

+702k  +2048k

Note in bbls *exp = Reuters poll est except Cushing  

Refinery Utilization Prior -.2% to 96.1%

Production +0.3% w/w 9.528mbpd vs 9.502mbpd prior

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

BrynneKKelly @BrynneKKelly

Crudeoil Inventory Change - "This" week in prior years

EIA Year Over Year

DOE Estimates via @EnergyBasis

Crude Production - Oil Rigs - Crude Futures 

Total US RigCount 

Current US Oil & NatGas RigCount

EIA Prep via @DigStic

 

Refinery Runs

US oil refineries at 96.3% utilization. Highest of 2017&

US oil input to refineries last week was highest of 2017 

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

WTI Oil Futures (CL) via‏ @Lee_Saks

Ahead of API WTI crude oil futures settle atfutures settle at $47.83/bbl. +$0.30. +0.63%;_V7 

 

API via Marketwatch 
By Myra P. Saefong @MktwSaefong

API data reportedly show fall in U.S. crude supply, rise in gasoline stockpiles:

Oil prices edged lower late Tuesday after the American Petroleum Institute reported that U.S. crude supplies fell 3.6 million barrels for the week ended Aug. 18, but gasoline stockpiles unexpectedly climbed by 1.4 million barrels, according to sources. The API data also showed that inventories of distillates rose nearly 2.1 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a decline of 3.7 million barrels in crude inventories. October crude CLV7, +0.21% was at $47.63 a barrel in electronic trading, down from the new front-month contract’s settlement of $47.83 on the New York Mercantile Exchange.

http://www.marketwatch.com/story/api-data-show-fall-in-us-crude-supply-rise-in-gasoline-stockpiles-sources-2017-08-22?mod=mw_share_twitter

 ** Note with the unreliability of the API numbers highlighted by its constant debacles we offer you the bare bones of that report.

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Further Crude Oil Analysis #OOTTNews

From TradersCommunity Research

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