US Crude Oil Inventory Extended Gains

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks dropped -1.59 mmb to 1286.81 mmb in the week ended November 1. Crude oil inventory jumped +7.93 mmb to 446.78 mmb (consensus: +1.52 mmb). Inventory gained in 4 out of 5 PADDs. Cushing stock added […]

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CFTC Commitments of Traders – Bets for Higher Commodity Prices Increased Across the Board

According to the CFTC Commitments of Traders report for the week ended October 29, NET LENGTH for crude oil futures soared +17 175 contracts to 388 347 for the week. Speculative long positions added +3 291 contracts while shorts slumped -13 884 contracts. For refined oil products, NET LENGTH for gasoline soared +19 114 contracts […]

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CFTC Commitments of Traders – Bets for Higher Oil Prices Increased as Market Sentiment Improved

According to the CFTC Commitments of Traders report for the week ended October 22, NET LENGTH for crude oil futures soared +9 288 contracts to 366 172 for the week. Speculative long positions jumped +12 545 contracts while shorts added +3 257 contracts. For refined oil products, NET LENGTH for gasoline gained +3 139 contracts […]

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US Oil Inventory Stabilized after Weeks of Stockbuilds

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks dropped -1.59 mmb to 1286.81 mmb in the week ended October 18. Crude oil inventory dropped -1.7 mmb to 433.15 mmb (consensus: +2.23 mmb). Inventory in PADD 3 (Gulf Coast) declined 3.71 mmb. Cushing stock […]

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CFTC Commitments of Traders – Traders Trimmed on Higher Precious Metal Price Fell as Risk Appetite Improved

According to the CFTC Commitments of Traders report for the week ended October 15, NET LENGTH for crude oil futures gained +1 799 contracts to 356 884 for the week. Speculative long positions jumped +16 123 contracts while shorts rose 14 324 contracts. For refined oil products, NET LENGTH for gasoline gained +6 566 contracts […]

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Oil Inventory – Market Ignored Huge Jump in US Stockpile

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks dropped -1.59 mmb to 1286.81 mmb in the week ended October 11. Crude oil inventory jumped +9.28 mmb to 434.85 mmb (consensus: +2.88 mmb). Inventories increased in ALL PADDs. PADD 3 (Gulf Coast) alone saw […]

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CFTC Commitments of Traders – Bets for Higher Gold and Silver Prices Increased

According to the CFTC Commitments of Traders report for the week ended October 8, NET LENGTH for crude oil futures slumped -34 234 contracts to 355 085 for the week. Speculative long positions added +5 454 contracts while shorts jumped +39 688 contracts. For refined oil products, NET LENGTH for gasoline dropped -187 contracts to […]

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US Crude Oil Inventory Gained Further, While Petroleum Products Continued to Drop

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks dropped -0.83 mmb to 1288.4 mmb in the week ended October 9. Crude oil inventory added +2.93 mmb to 425.57 mmb (consensus: +1.41 mmb). Inventories jumped +5.64 mmb in PADD 3 (Gulf Coast) alone. Cushing […]

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CFTC Commitments of Traders -Bets on Lower Crude Price Soared

According to the CFTC Commitments of Traders report for the week ended October 1, NET LENGTH for crude oil futures slumped -34 843 contracts to 389 319 for the week. Speculative long positions declined -13 664 contracts while shorts jumped +21 179 contracts. For refined oil products, NET LENGTH for gasoline fell -4 056 contracts […]

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US Crude Oil Inventory Gained Last Week, In Contrast to API’s Estimate of Sharp Fall

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks dropped -0.85 mmb to 1296.69 mmb in the week ended September 27. Crude oil inventory added +3.1 mmb to 422.64 mmb (consensus: +1.57 mmb). Inventories increased in 3 out of 5 PADDs. Cushing stock dropped […]

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