The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks surged +14.77 mmb to 1287.84 mmb in the week ended January 3. Crude oil inventory gained +1.16 mmb (consensus:...
Geopolitical tensions in Iran continue to evolve. The latest development is that Iran has launched over a dozen missiles at Iraqi bases hosting US and coalition troops. The Islamic Revolutionary Guard Corps (IRGC) announced in a statement that the...
According to the CFTC Commitments of Traders report for the week ended December 31. NET LENGTH for crude oil futures gained +4 780 contracts to 554 857 for the week. Speculative long positions added +1 546 contracts while shorts...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks fell -2.89 mmb to 1267 mmb in the week ended December 27. Crude oil inventory slumped -11.46 mmb (consensus:...
Re-escalation of geopolitical tensions in Iran lifted oil prices. The front-month WTI crude oil contract, rallying more than +3%, spiked to 63.4 at one point. The corresponding Brent contract, gaining about +3.5%, jumped to a 7- month high of...
According to the CFTC Commitments of Traders report for the week ended December 24. NET LENGTH for crude oil futures gained +13 700 contracts to 550 077 for the week. Speculative long positions added +13 189 contracts while shorts...
According to the CFTC Commitments of Traders report for the week ended December 17. NET LENGTH for crude oil futures jumped +40 838 contracts to 536 377 for the week. Speculative long positions gained +34 897 contracts while shorts...
According to the CFTC Commitments of Traders report for the week ended December 10. NET LENGTH for crude oil futures jumped +67 504 contracts to 495 539 for the week. Speculative long positions gained +46 096 contracts while shorts...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks soared +17.22 mmb to 1281.05 mmb in the week ended December 6. Crude oil inventory increased +0.82 mmb (consensus:...
According to the CFTC Commitments of Traders report for the week ended December 3, NET LENGTH for crude oil futures declined -42 901 contracts to 428 035 for the week. Speculative long positions fell -22 617 contracts while shorts...
OPEC+ agreed to cut oil output further, by +500K bpd, effective March 2020. A formal agreement will be released on Friday. The 11 OPEc members would share 350K bpd of the cut while the 10 non-OPEC producers would share...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks declined -4.93 mmb to 1263.83 mmb in the week ended November 29 . Crude oil inventory declined -4.86 mmb...
According to the CFTC Commitments of Traders report for the week ended November 26, NET LENGTH for crude oil futures soared +40 961 contracts to 470 936 for the week. Speculative long positions rose 12 317 contracts while shorts...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks added +0.15 mmb to 1268.76 mmb in the week ended November 22 . Crude oil inventory added +1.57 mmb...
According to the CFTC Commitments of Traders report for the week ended November 19, NET LENGTH for crude oil futures gained +5 378 contracts to 429 975 for the week. Speculative long positions gained +2 338 contracts while shorts...
According to the CFTC Commitments of Traders report for the week ended November 12, NET LENGTH for crude oil futures gained +18 457 contracts to 424 597 for the week. Speculative long positions declined -25 944 contracts while shorts...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -5.86 mmb to 1273.57 mmb in the week ended November 8. Crude oil inventory added +2.22 mmb to...
According to the CFTC Commitments of Traders report for the week ended November 5, NET LENGTH for crude oil futures soared +22 793 contracts to 406 140 for the week. Speculative long positions rose +12 784 contracts while shorts...
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...
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...