1 yr chart,... nice wedge, but which way do we go, which way do we go?....
Crude 3 months below
Crude 1 year below
Crude 10 years below
Weekly US ending stocks of crude oil.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRSTUS1&f=W
Weekly ending stocks for unleaded gasoline.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGTSTUS1&f=W
Weekly US ending stocks for distillate fuel oil(heating oil-especially used in the Northeast).
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WDISTUS1&f=W
Previous oil discussions:
https://www.marketforum.com/forum/topic/34436/
https://www.marketforum.com/forum/topic/33865/
https://www.marketforum.com/forum/topic/33352/
https://www.marketforum.com/forum/topic/32987/
https://www.marketforum.com/forum/topic/31701/
https://www.marketforum.com/forum/topic/31144/
https://www.marketforum.com/forum/topic/30846/
https://www.marketforum.com/forum/topic/29720/
https://www.marketforum.com/forum/topic/27668/
https://www.marketforum.com/forum/topic/28808/
https://www.marketforum.com/forum/topic/28857/
https://www.marketforum.com/forum/topic/28629/
https://www.investing.com/economic-calendar/eia-crude-oil-inventories-75
Release Date | Time | Actual | Forecast | Previous | |
---|---|---|---|---|---|
Jul 31, 2019 | 10:30 | -8.496M | -2.588M | -10.835M | |
Jul 24, 2019 | 10:30 | -10.835M | -4.011M | -3.116M | |
Jul 17, 2019 | 10:30 | -3.116M | -2.694M | -9.499M | |
Jul 10, 2019 | 10:30 | -9.499M | -3.081M | -1.085M | |
Jul 03, 2019 | 10:30 | -1.085M | -2.964M | -12.788M | |
Jun 26, 2019 | 10:30 | -12.788M | -2.540M | -3.106M |
(Reuters) - U.S. crude oil stockpiles fell for the seventh straight week, falling to their lowest levels since November even as production rebounded and net imports increased, the Energy Information Administration said on Wednesday.
Crude inventories fell 8.5 million barrels in the week ended July 26, far exceeding analysts’ expectations for a decrease of 2.6 million barrels. At 436.5 million
Key Points
https://oilprice.com/Energy/Crude-Oil/OPEC-Oil-Production-Drops-To-Eight-Year-Low.html
Deeper production cuts at leading producer Saudi Arabia, lower output at sanctions-hit Iran, and outages in Libya and Venezuela sent OPEC’s crude oil production in July falling to its lowest level since 2011, the monthly Reuters survey found.