Large Crude Draw Sates Record Long Speculative Oil Positions

2018 has seen record length in equity and commodity markets as the US dollar continues its slide. Oil spec positions continue to build in record length v commercial shorts ahead of this weeks EIA Inventory report.

2018 has seen record length in equity and commodity markets as the US dollar continues its slide. Oil spec positions continue to build in record length v commercial shorts ahead of this weeks EIA Inventory report.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 1/10/18

  • via TradersCommunity.com
  • Release Time: Thursday 18 January 2018 – 11:00 ET 
 ActualExpectedPrior EIAAPI
Crude-6861k -3600k-4948k-5121k
Cushing-4184k-4130k-2395k-3936k
Gasoline+3620k
+3600k+4135k+1782k
Distillate -3887k

-800k

+4254K+609k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization  Prior +1.4% Prior +1.0%
  • Production Prior +258kbpd w/w to 9.492 mbpd (Near Prev ATH) +11.3% y/y

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

Criterion U.S. Crude Oil Production Forecast

Criterion Research @criterion_info 

EIA Inventory Forecast via @tankertrackers.com

 

Brynne Kelly‏@BrynneKKelly 

“This Week” inventory change in prior years:

Chad Stickforth Data @DigStic

 

 RonH‏@Ronh999 Refinery Runs

 

RonH‏@Ronh999  Cushing Stocks (Hub for WTI Futures Contract)

 

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

WTI Oil Futures (CL) via‏ @Lee_Saks

Ahead of API Feb WTI crude oil futures settled at U.S. crude at $63.97 +$0.24 +.38%

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.

REGULAR & HOLIDAY RELEASE SCHEDULE

Further Crude Oil Analysis Criterion Research

From TradersCommunity Research

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