IBB
338.12
+1.28
+0.38%
 
AAPL
160.47
+0.59
+0.37%
 
TVIX
8.86
+0.03
+0.34%
 
XIV
109.53
-0.15
-0.14%
 
TNA
65.66
-0.59
-0.89%
 
TZA
13.47
+0.12
+0.90%
 
UVXY
16.22
+0.08
+0.50%
 
NASDAQ
6623.657
-0.348
-0.0052%
 
S&P500
2559.36
+1.72
+0.07%
 
NYSE
12349.97
-9.55
-0.08%
 
IBB
338.12
+1.28
+0.38%
 
AAPL
160.47
+0.59
+0.37%
 
TVIX
8.86
+0.03
+0.34%
 
XIV
109.53
-0.15
-0.14%
 
TNA
65.66
-0.59
-0.89%
 
TZA
13.47
+0.12
+0.90%
 
UVXY
16.22
+0.08
+0.50%
 
NASDAQ
6623.657
-0.348
-0.0052%
 
S&P500
2559.36
+1.72
+0.07%
 
NYSE
12349.97
-9.55
-0.08%
 
Refiners could unleash the next deflationary wave
Read More
Our Thoughts on Oil for June 7

Read More
Crude Report June 7
Read More
Brief Update on Oil July 6
Read More
Our Thoughts on oil For July 2016

Read More
Weekend Oil Report June 26, 2016

Read More
Weekend Oil Report

Read More
Oil Report June 16, 2016

June 16, 2016 Oil Report 

 

Seasonally, WTI is in a period of high draw expectations due to consumer and business demand. Prior session, the EIA showed a smaller than expected draw -933k vs. an expected -2.3k. However, gasoline draws were sizeable -2.62mm, but distillates built +786k. Cushing on the other hand is at 93.87% full working capacity due to the facilities latest build. We tend to ignore API due to reporting inaccuracies when compared to EIA.

Here is the Full Report->

Screen Shot 2016-06-16 at 4.23.18 PM

 

 

 

 

 

 

 

Read More
Oil Report June 9, 2016

June 9, 2016 Oil Report:

WTI EIA oil inventories for June 3, 2016 printed at -3226k vs. -3000k. Focus was on production increase from 8.745m vs. 8.735m, due to rig counts stabilizing. Worth noting are the builds in gasoline and distillates as the US Driving season is underway.

 

EIA US crude oil inventories

  • Prior -1366k
  • Last night’s API -3560k
  • Cushing -1363k vs -671k exp. Prior -704k
  • Gasoline 1010k vs -2000k exp. Prior -1492k
  • Distillate 1754k v s-700k exp. Prior -1255k
  • Refinery utilization 1.1% vs 0.6% exp. Prior 0.1%
  • Production 8.745m vs 8.735m prior
Read More
Oil Report June 2, 2016

 

June 2 16 Oil Note-

­Latest EIA oil inventories -1366k vs. -2500k exp. Prior session API 2.35mm barrel build as there continues to be a wide margin of error of data sets.

EIA

  • Prior -4226k
  • Last nights API +2350k
  • Cushing -704k vs -623k exp. Prior -649k
  • Gasoline -1492k vs -350k exp. Prior 2043k
  • Distillates -1255k vs -1000k exp. Prior -1284k
  • Refinery utilisation 0.10% vs 0.50% exp. Prior -0.80%
  • Crude production 8.735mbpd vs 8.767mbpd
Read More