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EIA Inventory report showed large draws in Crude oil and products last week with WTI climbing over $71 bbl. Crude speculators hold record length heading into option and futures expiration within in a shifting geopolitical risk matrix.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 5/9/18

  • via TradersCommunity.com
  • Release Time: Wedneday 16 May 2018 - 10:30 ET 
  Actual Expected Prior EIA API
Crude -1404k -1500k -2197k +4854k
Cushing +53k   -414k +1388k +62k
Gasoline

-3790k

-1100k -2147k -3639k
Distillate -92k

-1800k

-3791k -786k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization +0.7% to 91.1% Exp -0.2% 
  • Production +0.2% to 10.723 mbd ( ATH) +15.2% y/y

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

US Petroleum Inventories Getting Tight? via Barclays Research

US Total Petrol Inventories March 2018Cushing March 2018

Criterion U.S. Crude Oil Production Forecast ‏@Criterionrsch

 

WTI and Brent Crude Oil Futures Committment of Traders

CL COT 5 14 18

EIA Inventory Forecast via @tankertrackers.com

Here is a great shot of Cushing crude oil storage when it was down 45% year-on-year with the red tanks highlighting the empties

 

The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly

 

  

DigStic Data @DigStic

 
 
 

 

 

 

RonH Data ‏@Ronh999

 

US Oil Exports Another New High

 

US Oil Imports Week Over Week 

 

US Oil Input Into Refineries Per Day

 

US consumers spent $1.150 billion per day for gasoline last week. That is $209.60 million more dollars per day than same week last year. 

US consumers bought 400.30 million gallons of gasoline per day last week. That is +3.3 mil more YoY 

US Oil Field Production, Another Record High

 US Oil Refinery Utilization

Cushing Oil Stocks

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

WTI Oil Futures (CL) via‏ @Lee_Saks

Ahead of API  June WTI crude oil futures settled at U.S. crude at

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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