Oil & Energy

Google Ad

EIA reported just the second draw in crude storage in twelve week's in builds but it was greeted by huge builds in gasoline and distillates  Crude oil inventories fell  -4856k bbls the government agency said. Cushing fell just -302k bbls. US production sit at new record high with 12.90 mbpd.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 11/27/19

  • via TradersCommunity.com
  • Release Time: Thursday Dec 4 2019 -10.30 ET
EIA Expected Prior EIA API
Crude -4856k -1700k +1379k -3720k
Cushing -302k -580k -97k
-251k
Gasoline

+3385k

+1800k +5132k +2930k
Distillate +3063k

+1100k

+725k +794k

Note in bbls *exp = Reuters poll est except Cushing

  • Refinery Utilization +2.6% at 89.3% Exp +0.5%
  • Production UNCH bpd to 12.90 mbpd (12.80 ATH)

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

Global Crude Prices

 

API Crude Inventories

Image

WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave

Last week WTI bounced sharply through the tenkan, Kijun and 50 dma zone to close at the cloud  after futures expiration, we noted this was a rising wedge  without any resistance quickly completing a fractal spit per Adam's Theory. This gave way this week as expected powering through the kiju, tenkan and 50 dma to the bottom channel. The impulse meant a C or (Y) complete - bullish case would be a developing X

MW CL D 11 29 19 

WTI sharp impulse higher through 50 WMA rejected at the cloud  saw a reversal sharply lower- we were still working throught the fall after it spat the weekly 61.8% We closed  under Kijun and 50wma confluence (green) under the cloud just over the weekly tenkan., 

MW CL W 11 29 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.


Image

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.;

Image 

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)

Image

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

Image

NYMEX LO NYMEX OH NYMEX OB Options (Live Link)

Image

NYMEX LO NYMEX OB Options (Live Link)

Image

The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly

Image

Image

Image 

Image
 

DigStic Data @DigStic



Image

Image

Image


 

RonH Data ‏@Ronh999

Image

Image
 

Cushing Oil Stocks


Image
 

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

US Oil Import Export

Imports

Image

Exports

Image

US Gasoline Consumers

US consumers bought 379.34 million gallons of gasoline per day last week. That is +6.51 mil YoY

Image

US consumers spent $976.8 million dollars per day for gasoline last week. That is +$63.0 mil YoY.

Image

US avg retail price for gasoline was $2.575 last week. That is +12.4 cents YoY

Image

Image

US Crude Oil Production

 US Oil Field Production ATH 12.90bpd

Image
 September Field Oil Production Hits a New High 12.463 mpd

Image

Image 

  ** 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

Image

EIA Products:

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

Image

 

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

Log in to comment
Discuss this article in the forums (3 replies).