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EIA reported another build in crude storage, that's nine out of ten week's in builds. Crude oil inventories grew +1379k bbls the government agency said. Gasoline grew, while Distillate drew last week. Cushing fell with -2295k bbls. US production remained at the record high with 12.80 mbpd.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 11/20/19

  • via TradersCommunity.com
  • Release Time: Thursday Nov 27 2019 -10.30 ET
EIA Expected Prior EIA API
Crude +1379k +1100k +1379k +3639k
Cushing -97k -580k -2295k
-516k
Gasoline

+5132k

+700k +1756k +4378k
Distillate +725k

-500k

-974k -665k

Note in bbls *exp = Reuters poll est except Cushing

  • Refinery Utilization -.2% at 89.3% Exp +0.5%
  • Production +,10 bpd to 12.90 mbpd (12.80 ATH)

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

Global Crude Prices

 

API Crude Inventories

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WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave

WTI bounced sharply through the tenkan, Kijun and 50 dma zone to close at the cloud  after futures expiration  Note rising wedge  without any resistance quickly completing a fractal spit per Adam's Theory We saw a little bull flag powered by the Kijun holding and powering through tenkan and 50 dma. The impulse meant a C or (Y) complete - bullish case would be a developing X 


MW CL D 11 22 19
 

WTI sharp impulse higher through 50 WMA rejected at the cloud - we are still working throught he fall after spat the weekly 61.8% We closed over Tenkan, Kijun and 50wma confluence (green) under the cloud, MW CL W 11 22 19

Crude Oil Futures Committment of Traders

Latest ICE and CFTC Open Interest Data:

CTFC and ICE open interest: via Ole S Hansen @Ole_S_Hansen

COT on crude oil in wk to Oct. 29.


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Hedge funds increased bullish bets on 24 major commodity futures by 146k lots during the wk to Oct 29. Buying was concentrated in the big contracts from crude oil (+56k lots), gasoline (+23k) and natgas (+24k) to HG copper (+23k) and gold.;

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Understanding DCOT Reports

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 

Crude Oil Option Volatilty Watch via commodityvol.com

NYMEX LO = Crude Oil Options First 3 Months (Live Link)

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NYMEX LO & ICE North Sea Brent BRN Crude Oil Options (Live Link)

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NYMEX LO NYMEX OH NYMEX OB Options (Live Link)

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NYMEX LO NYMEX OB Options (Live Link)

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The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly

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DigStic Data @DigStic



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RonH Data ‏@Ronh999

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Cushing Oil Stocks


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

US Oil Import Export

Imports

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Exports

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US Gasoline Consumers

US consumers bought 386.57 million gallons of gasoline per day last week. That is +0.67 mil YoY

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US consumers spent $997.0 million dollars per day for gasoline last week. That is +$17.2 mil YoY.

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US avg retail price for gasoline was $2.579 last week. That is +4.0 cents YoY

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US Crude Oil Production

 US Oil Field Production ATH 12.90bpd

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 September Field Oil Production Hits a New High 12.463 mpd

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

OILytics @OilyticsData

EIA Crude Stats::

Crude +1.379MMBBLs. 9th weekly crude stockbuild in the last 10 weeks. Refinery runs +519KBD but runs still lower y-o-y. Production flat while net crude imports remains just below 3MMBD

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EIA Products:

Products draw -6.3MMBBLs helped by propane and other oils. Strong product demand continues and lower refinery runs helping product tightness.

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US Crude Oil Prices and Recessions

 

Via John Kemp @JKempEnergy 

Key EIA and CME Dates For WTI Crude Oil

CME Crude Oil Futures Calendar

CME Crude Oil Options Calendar

REGULAR & HOLIDAY RELEASE SCHEDULE

From TradersCommunity Research

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