Tue, Jun 22, 2021 @ 07:26 GMT

Oil N' Gold

US Crude Oil Inventory Jumped Significantly, Fuel Stockpiles Declined

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products stocks declined -7.99 mmb to 1254.99 mmb in the week ended October 19. Crude oil inventory rallied +6.35 mmb (consensus: +3.69 mmb) to 422.79 mmb. Inventories increased in 4 out of of...

CFTC Commitments of Traders – Oil Bulls Shied as Price Rally Might be Over

According to the CFTC Commitments of Traders report for the week ended October 16,  NET LENGTH for crude oil, heating oil and gasoline futures all dropped. This happened in line with the ongoing correction oil prices. Speculative long positions of crude oil futures declined -18 694 contracts, while shorts...

Crude Oil Inventory Surprisingly Gained Despite Falling Production

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products stocks gained +2.99 mmb to 1262.98 mmb in the week ended October 12. Crude oil inventory rallied +6.49 mmb (consensus: +2.17 mmb) to 416.44 mmb. Inventories increased in ALL of of 5...

CFTC Commitments of Traders – NET SHORT for Natural Gas Narrows Further on Winter Demand Hopes

According to the CFTC Commitments of Traders report for the week ended October 9, traders turned less bullish on the energy market. NET LENGTH for crude oil, heating oil and gasoline futures dropped. Speculative long positions of crude oil futures declined -20 782 contracts, while shorts added +76 contracts,...

CFTC Commitments of Traders – NET LENGTH for WTI Crude Oil Dropped as Price Peaks

According to the CFTC Commitments of Traders report for the week ended October 2, NET LENGTH for crude oil futures dropped as prices were peaking. Meanwhile, NET LENGTH heating oil and gasoline futures increased further, and NET SHORT for natural gas futures declined. Speculative long positions of crude oil...

Crude Oil Price Firmed at 4-Week High Despite Surprising Inventory Build

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products stocks jumped +7.96 mmb to 1248.71 mmb in the week ended September 28. Crude oil inventory rallied +7.98 mmb (consensus: +1.99 mmb) to 403.96 mmb. Inventories increased in 6 out of 5...

CFTC Commitments of Traders – Traders Bullish on Energy as Prices Hit Highs

According to the CFTC Commitments of Traders report for the week ended September 25, traders turned more bullish on the energy market. NET LENGTH for crude oil, heating oil and gasoline futures rose, while NET SHORT for natural gas futures dropped. Speculative long positions of crude oil futures jumped...

CFTC Commitments of Traders – Traders Expect Gasoline Prices to Fall as Driving Season Ends

According to the CFTC Commitments of Traders report for the week ended September 4, NET LENGTH for crude oil and heating oil futures rose, while that for gasoline futures dropped. Speculative long positions of crude oil futures jumped +19 043 contracts, while shorts climbed +3 626 contracts higher, resulting...

US Crude Oil Inventory Fell More Than Expected, While Fuel Stockpiles Unexpectedly Soared

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products stocks rose +3.55 mmb to 1226.61 mmb in the week ended September 1. Crude oil inventory declined -4.3 mmb (consensus: -1.29 mmb) to 401.49 mmb. Inventories decreased in 4 out of 5...

CFTC Commitments of Traders – Rising Output Might Cap Oil’s Rally

According to the CFTC Commitments of Traders report for the week ended August 28, NET LENGTH for crude oil, heating oil and gasoline futures rose, in tandem with higher prices. Speculative long positions of crude oil futures gained +12 322 contracts, while shorts climbed +794 contracts higher, resulting in...

Crude Oil Prices Soared on US Inventory Decline and Expectations of Tighter Market

Crude oil prices extended recent rally, as US inventory dropped more than expected and the International Energy Agency (IEA) forecast oil market to tighten towards year end. The front-month WTI crude oil contract gained +1.43% while the Brent contract rose +1.57%. Both benchmarks rebounded, by +4.26% and 5.56% respectively, in...

CFTC Commitments of Traders : Bearish over Commodities

Traders have turned bearish on the commodity market, amidst concerns over deceleration in Chinese economic growth and US oil production. According to the CFTC Commitments of Traders report for the week ended August 21, traders trimmed speculative long positions of crude oil futures by -13 183 contracts. Meanwhile, they increased...

CFTC Commitments of Traders: Gold and Silver Turned to Net Shorts

According to the CFTC Commitments of Traders report for the week ended August 14, gold and silver futures surprisingly recorded NET SHORTS, as traders expected prices to weaken further. NET SHORT for for the former was 3 688 contracts, compared with NET LENGTH of 12 688 contracts in the...

US Oil Price Plunged to 2-Month Low as Inventory Surprisingly Surged

The front-month WTI crude oil contract slumped over 3% to settle at the lowest level in 2 months. This was the driven by the risk-off sentiment amidst Turkish crisis and the surprising increase in US inventory. The report from the US Energy Information Administration (EIA) shows that total crude...

CFTC Commitments of Traders: Gold Lost Safe Asset Appeal

According to the CFTC Commitments of Traders report for the week ended August 7, traders turned less bullish towards the energy complex. They trimmed bets for crude oil and heating oil futures, while raising short positions on gasoline futures. Net LENGTH for crude oil futures fell -4 473 contracts...

US Crude Oil Inventory Fell Less Than Expected, Fuel Stockpiles Climbed Higher

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products stocks increased +3.28 mmb to 1209.86 mmb in the week ended August 4. Crude oil inventory dropped -1.35 mmb (consensus: -3.33 mmb) to 407.39 mmb. Inventories decreased in 3 out of 5...

Bulls Continued to Outweigh Bears Despite Mixed Outlook in Oil Price

According to the CFTC Commitments of Traders report for the week ended July 31, traders were generally bullish towards the energy complex. Net LENGTH for crude oil futures rose +2 929 contracts to 613 400. Net LENGTH for heating oil futures added +305 contracts to 42 017 while that...

Traders Bet for Higher Fuel Prices as Crude Oil In Correction

According to the CFTC Commitments of Traders report for the week ended July 24, net LENGTH for crude oil futures declined -20 823 contracts to 610 471. Net LENGTH for heating oil futures increased +1 689 contracts to 41 712 while that for gasoline rose 2 860 contracts to 99...

US Crude Oil Inventory Sank to Lowest Level in 2 Years

Crude oil prices fell as US inventory slumped last week. The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products stocks dropped -7.17 mmb to 1199.73 mmb in the week ended July 6. Crude oil inventory plunged -12.63 mmb (consensus: -4.49 mmb)...

Traders Increased Bets on Higher Crude Oil and Gasoline Prices

According to the CFTC Commitments of Traders report for the week ended July 3, net LENGTH for crude oil futures soared +31 629 contracts to 656 720. Net LENGTH for heating oil futures rose +2 297 contracts to 49 443 while that for gasoline added +1 145 contracts to 96...