CFTC Commitments of Traders – Bets for Higher Crude Price Likely Short-Lived

According to the CFTC Commitments of Traders report for the week ended September 10, NET LENGTH for crude oil futures jumped +44 048 contracts to 428 205 for the week. Speculative long positions soared +18 639 contracts and shorts plunged -25 409 contracts. The front-month WTI crude oil contract rallied last week. Market sentiment improved […]

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Both Crude Oil and Gasoline Inventory Fell Last Week

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks sank -3.14 mmb to 1295.96 mmb in the week ended September 6. Crude oil inventory declined -6.91 mmb to 416.07 mmb (consensus: -2.69 mmb). Inventories decreased in ALL 5 PADDs. Cushing stock dropped -0.8 mmb […]

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CFTC Commitments of Traders – Bets for Higher Crude Oil Price Continued to Fall

According to the CFTC Commitments of Traders report for the week ended September 3, NET LENGTH for crude oil futures fell -7 493 contracts to 384 157 for the week. Speculative long positions dropped -4 525 contracts and shorts gained +2 968 contracts. For refined oil products, NET LENGTH for gasoline declined -13 771 contracts […]

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US Oil Inventory Fell Further, In Contrast with API’s Forecast

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks sank -4.95 mmb to 1299.1 mmb in the week ended August 30. Crude oil inventory declined -4.77 mmb to 422.98 mmb (consensus: -2.49 mmb). Inventories decreased in ALL 5 PADDs. PADD  (Gulf Coast) alone saw […]

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CFTC Commitments of Traders – Bets for Higher Crude Oil Prices Trimmed amidst Recession Concerns

According to the CFTC Commitments of Traders report for the week ended August 20, NET LENGTH for crude oil futures slumped -22 985 contracts to 391 650 for the week. Speculative long positions declined -15 504 contracts and shorts gained +7 481 contracts. As we mentioned in our previous report, any rally in crude oil […]

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US Crude Oil Shows Double- Digit Decline

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks soared +4 mmb to 1315.23 mmb in the week ended August 23. Crude oil inventory slumped -10.03 mmb to 427.75 mmb (consensus: -2.11 mmb). Inventories decreased in ALL PADDs. PADD 2 (Midwest) alone saw inventory […]

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CFTC Commitments of Traders – Crude Oil Price to Fall Again in Coming Week as Trade War Re- escalates

According to the CFTC Commitments of Traders report for the week ended August 20, NET LENGTH for crude oil futures jumped +32 491 contracts to 414 635 for the week. Speculative long positions declined -18 071 contracts and shorts sank -50 562 contracts. Crude oil prices rallied during the week. Gains should likely be short-lived […]

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US Crude Oil Inventory Resumed Decline

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks soared +4 mmb to 1315.23 mmb in the week ended August 16. Crude oil inventory declined -2.73mmb to 437.78 mmb (consensus: -1.89 mmb). Inventories decreased in 3 out of 5 PADDs. PADD 2 (Midwest) alone […]

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