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...
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...
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...
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...
CFTC Commitments of Traders – Crude Oil Price Slumps as Middle East Tensions Ease
According to the CFTC Commitments of Traders report for the week ended September 24, NET LENGTH for crude oil futures dropped -2 943 contracts to 424 162 for the week. Speculative long positions were down -1 864 contracts while shorts gained +1 079 contracts. Crude oil prices slumped last...
US Oil Inventory Climbed Higher Across the Board, After Weeks of Withdrawal
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 13. Crude oil inventory added 1.06 mmb to 417.13 mmb (consensus: -2.5 mmb). Inventories decreased in 4 out...
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...
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...
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...
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...
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...
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....
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...
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...
CFTC Commitments of Traders – Long Bets Trimmed on Gold and Silver Futures
Energy prices remained under pressure as US- China trade re-escalates. According to the CFTC Commitments of Traders report for the week ended August 13, NET LENGTH for crude oil futures increased +6 503 contracts to 382 144 for the week. Speculative long positions gained +6 116 contracts and shorts...
US Crude Inventory Gained While Refined Product Stockpile Declined
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks added +2.41 mmb to 1311.22 mmb in the week ended August 9. Crude oil inventory gained +1.58 mmb to 440.51 mmb (consensus: -2.78 mmb). Inventories increased in 4 out...
CFTC Commitments of Traders – Net Length on Energy Futures Trimmed Further as Risk Appetite Diminished
Energy prices remained under pressure as US- China trade re-escalates. According to the CFTC Commitments of Traders report for the week ended August 6, NET LENGTH for crude oil futures declined -11 650 contracts to 375 641 for the week. Speculative long positions added +686 contracts and shorts jumped...
US Crude Oil Inventory Gained for First Time since Mid- June
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks jumped +10.41 mmb to 1308.82 mmb in the week ended August 2. Crude oil inventory gained +2.39 mmb to 438.93 mmb (consensus: -2.85 mmb). Inventories increased in 3 out...
CFTC Commitments of Traders – Traders Bet on Lower Crude Oil Prices
According to the CFTC Commitments of Traders report for the week ended August 1, NET LENGTH for crude oil futures declined -10 560 contracts to 387 291 for the week. Speculative long positions gained +2 298 contracts and shorts jumped +12 858 contracts. For refined oil products, NET LENGTH...
US Oil Inventory Extends Recent Decline
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks sank -10.14 mmb to 1298.4 mmb in the week ended July 25. Crude oil inventory slumped -8.5 mmb to 436.55 mmb (consensus: -2.59 mmb). Inventories fell in ALL 5...