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EIA Inventory report showed a surprise build after last week's draw, the releases and estimates and completely out of whack the past month or so. Gasoline showed a draw also with production falling for the first time in over 6 weeks.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 7/25/18

  • via TradersCommunity.com
  • Release Time: Wednesday 1 August 2018 - 10:30 ET 
  Actual Expected Prior EIA Prior API
Crude +3803k  -2800k -6147k +5590k
Cushing -1338k   -1204k -1127k -930k


-1300k -2382k -791k
Distillate +2983k


-101k +2890k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization +2.30% to 96.1% Exp +0.2% 
  • Production  -0.9% to 10.90k From 11.00k bd (ATH) +15.5% y/y

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

US Crude Oil Prices and Recessions


Via John Kemp @JKempEnergy 

Criterion U.S. Crude Oil Production Forecast ‏@Criterionrsch


WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave

MW WTI W 7 28 18

WTI Crude Oil Futures Committment of Traders


CL DCOT futures only managed money traders had the least amount of shorts in history. Only 14,132 (Despite The Price Drop)

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 

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 off their 2018 (ATH) high.

US Oil Imports Week Over Week 

US Oil Input Into Refineries Per Day  

US consumers spent $1,180.7 billion per day for gasoline last week. That is $208.5 million more dollars per day than same week last year.  

US gasoline avg retail price was $2.846 per gallon. That is 49.4 cents more per gallon YoY.  

US consumers bought 414.88 million gallons of gasoline per day last week. 

US Oil Field Production, Drops From Record High

US May oil production per day was 10.442 mil bpd. This is lower than the weekly reports that averaged about 10.7 mil bpd.


US Oil Refinery Utilization 

 Cushing Oil Stocks


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

Ahead of API July WTI crude oil futures settled at $66.36/bbl. $0.26. +0.39% via‏ @Lee_Saks

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


Further Crude Oil Analysis Criterion Research

From TradersCommunity Research

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