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  • Calendar event / 5 hours ago
    High Crude Oil Stocks, Net Chg (Bbl)
    -3.1M
    -3.327M
    High Gasoline Stocks, Net Chg (Bbl)
    -0.5M
    -1.223M
    High Distillate Stocks, Net Chg (Bbl)
    +0.3M
    +0.028M
    Med Crude Oil Stocks (Bbl)
    463.165M
    Med Gasoline Stocks (Bbl)
    229.902M
    Med Distillate Stocks (Bbl)
    148.415M
    Med Total Prod Supplied (Bbl/day)
    20.678M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    -0.281M
    Med Refinery Usage
    95.7%
    95.4%
  • Squawk / 6 hours ago
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Crude oil trading weaker but still within the range that has been established during the past week. Following the Libya production on and then off news yesterday the market awaits the 'Weekly Petroleum Status Report' from the EIA at 1430 GMT. Another reduction in crude oil stocks has been off-set by expectations of rising fuel stocks.
    Other numbers to look out for are exports which has the potential of rising given WTI's current elevated discount to Brent. Imports from major Opec producers could also attract some attention, especially if a slowdown is being reported.
    Production estimates will also receive some attention after last weeks strong 79,000 b/d rise helped off-set what otherwise was a bullish report.
    Following the release i will post comments and charts below.
    Read the Squawk
    5h
    Ole Hansen Ole Hansen
    agree MP and it speaks volumes about the current lack of direction
    5h
    Ole Hansen Ole Hansen
    Both crude and gasoline stocks dropped in line with surveys. Refinery demand slowed while gasoline demand remained strong. Production rose 26k b/d. Gasoline initially trades higher in...
    5h
    Ole Hansen Ole Hansen
    Charts
  • 2d
    Ole Hansen Ole Hansen
    Funds continued to buy Brent crude oil last week while WTI was sold. Bullish bets increased by 4.6% or 18k lots to 419k lots as the North...
  • Article / 16 August 2017 at 9:55 GMT

    Oil looks to EIA for confirmation of current range

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil looks to EIA for confirmation of current range
    WTI and Brent crude oil prices have found support after retracing 38.2% of the June-to-August rally. Whether that will be enough and thereby confirm oil's current rangebound nature will depend on today's EIA inventory report. Another bullish set of data is expected after the API reported a bigger-than-expected stock decline yesterday.
    Read the article
    16 August
    Ole Hansen Ole Hansen
    US crude stocks declined by 8.9m barrels last week while gasoline rose by 22k and distillates by 702k. Production jumped to 79k b/d while stocks a Cushing...
    16 August
    Ole Hansen Ole Hansen
    Charts
  • 14 August
    Ole Hansen Ole Hansen
    Hedge funds increased Brent crude net-longs by 58k to 401k lots in week to August 8. This as the prompt spread returned to backwardation and the premium...
    15 August
    Logich Logich
    Hey, Ole. - Do you have an explanation for the significant drop over the couple off days, in the Coffee price?
  • Calendar event / 08 August 2017 at 20:30 GMT

    US API Weekly Statistical Bulletin

    forecast
    actual
    Med Crude Stocks, Net Chg (Bbls)
    -7.8M
    Med Gasoline Stocks, Net Chg (Bbls)
    +1.5M
    Med Distillate Stocks, Net Chg (Bbls)
    -0.2M
  • 07 August
    Ole Hansen Ole Hansen
    Soft commodities
    07 August
    Ole Hansen Ole Hansen
    Funds increased total bullish oil bets (Brent & WTI) for a fifth week in week to August 1. This time by the most since December 6 last...
    08 August
    Pandorra Pandorra
    Thank you so much Ole for recent posts incl https://www.tradingfloor.com/posts/cot-leverage-funds-double-up-on-stock-index-short-saxostrats-8863278 and glad to see you again after summertime vacations.
    Looks like all commodities GSCI / SPX ratio going...
  • Calendar event / 26 July 2017 at 14:30 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    -2.6M
    -7.208M
    High Gasoline Stocks, Net Chg (Bbl)
    -1.1M
    -1.015M
    High Distillate Stocks, Net Chg (Bbl)
    -0.5M
    -1.852M
    Med Crude Oil Stocks (Bbl)
    483.415M
    Med Gasoline Stocks (Bbl)
    230.196M
    Med Distillate Stocks (Bbl)
    149.564M
    Med Total Prod Supplied (Bbl/day)
    21.289M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    +0.111M
    Med Refinery Usage
    94%
    94.3%
  • Squawk / 26 July 2017 at 7:38 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: now having resistance zone 49.20 & recent high 48.55, above holding means 49.86 & 50.60 easily looking other wise again come down up to 47.88 & 47.10...
    Read the Squawk