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EIA Inventory report this week showed a smaller draw after last week's build. The releases and estimates and completely out of whack the past month or so. Gasoline and distillates showed bigger builds with production falling for the second week in a row..

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 8/1/18

  • via TradersCommunity.com
  • Release Time: Wednesday 8 August 2018 - 10:30 ET 
  Actual Expected Prior EIA API
Crude -1351k  -3100k +3803k -6023k
Cushing -590k   -804k -1338k -576k
Gasoline

+2900k

-1100k --2536k +3114k
Distillate +1230k

-100k

+2983k +1762k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization -0.30% to 95.6% Exp +0.2% 
  • Production -0.9% to 10.80k  (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 

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 $1.1195 billion per day for gasoline last week. That is $141 million more dollars per day than same week last year.  

US gasoline avg retail price was $2.852 per gallon. That is 49.4 cents more per gallon YoY.  

US consumers bought 392.53 million gallons of gasoline per day last week. 

US Oil Field Production, Drops Again 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

REGULAR & HOLIDAY RELEASE SCHEDULE

Further Crude Oil Analysis Criterion Research

From TradersCommunity Research

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