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EIA's Weekly Crude Oil Inventory Report 3-08-17

Tony Zelinski

Mar 8, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 3-08-17

WTI crude oil futures slipped a bit further into negative territory following the EIA’s weekly inventory report which revealed similar numbers to the API’s report last night with a larger than expected build in crude and both crude products showing losses that exceeded expectations. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks refer to oil (currently

EIA's Weekly Crude Oil Inventory Report 3-01-17

Tony Zelinski

Mar 1, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 3-01-17

WTI crude oil futures marginally added onto this morning’s gains following the inventory report which revealed a smaller than expected build in crude oil stocks. This was the eighth consecutive week of increases for crude inventory and stocks are at a new all-time high. The inventory related gains were kept in check as the draws from gasoline inventories were smaller than forecast and distillates were in line as refiners hiked output. *Important Disclaimer: Beginning ON 10/13

EIA's Weekly Crude Oil Inventory Report 2-23-17

Tony Zelinski

Feb 23, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 2-23-17

WTI crude oil futures added onto earlier gains despite the EIA’s inventory report showing a slight build in crude oil inventories. More in focus was the larger-than-expected draws from both distillates and gasoline stocks, with the continued increase in gasoline demand helping drive prices higher. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks refer to

EIA's Weekly Crude Oil Inventory Report 2-15-17

Tony Zelinski

Feb 15, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 2-15-17

WTI crude oil futures slightly pared back on this morning’s slim losses despite the EIA confirming the larger-than-expected build that was reported on by the API last night. The report also showed a surprise large build in gasoline stocks despite refineries pulling back on output more than expected. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks refer

EIA's Weekly Crude Oil Inventory Report 2-08-17

Tony Zelinski

Feb 8, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 2-08-17

WTI crude oil futures added onto earlier losses following the EIA’s weekly inventory report which confirmed last night’s API report of substantially larger than expected builds within crude oil stocks. Meanwhile, gasoline inventories came in around where they were expected and distillate futures showed minimal changes despite refineries pulling back on output. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total comm

EIA's Weekly Crude Oil Inventory Report 2-01-17

Tony Zelinski

Feb 1, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 2-01-17

WTI crude oil futures slipped initially following the inventory report but have subsequently recovered and added onto the gains that were seen in morning trading despite all categories of the EIA’s inventory report posting larger-than-expected builds. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks refer to oil (currently about 31 million barrels) that

EIA's Weekly Crude Oil Inventory Report 1-25-17

Tony Zelinski

Jan 25, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 1-25-17

WTI crude oil lightly added onto this morning’s losses following the EIA’s inventory report which revealed that crude oil stocks increased, but in line with expectations and the API’s numbers last night. The highlight of the report was the substantial build in gasoline stocks for a second consecutive week despite a decline in output from refineries. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crud

EIA's Weekly Crude Oil Inventory Report 12-28-16

Tony Zelinski

Dec 28, 2016
2 min

EIA's Weekly Crude Oil Inventory Report 12-28-16

WTI crude oil futures spiked initially but have since dropped into negative territory following the inventory report which showed a slight, unexpected build in crude oil stocks. Meanwhile, crude products both fell despite expectations for a build as refiners cut back on output. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks refer to oil (currently abou

EIA's Weekly Crude Inventory Report 12-07-16

Tony Zelinski

Dec 7, 2016
3 min

EIA's Weekly Crude Inventory Report 12-07-16

WTI crude oil futures initially pared back on this morning’s losses on an initial read on the EIA’s crude oil inventory report which showed that crude stocks fell more than expected and also surpassed the draw that the API reported last night. However, oil futures subsequently fell back below pre-report levels with the concern of growing crude-product inventories as both distillate and gasoline stocks rose more than expected despite refiners hiking output less than what was f

EIA's Weekly Crude Inventory Report 11-30-16

Tony Zelinski

Nov 30, 2016
2 min

EIA's Weekly Crude Inventory Report 11-30-16

WTI crude oil futures tacked onto this morning’s robust gains following the inventory report that showed a larger-than-expected draw in crude oil stocks. However, inventory related gains were kept in check by the crude product stocks as both distillate and gasoline inventories rose more than expected despite refineries surprisingly slowing down output. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial c

EIA's Weekly Crude Inventory Report 11-23-16

Tony Zelinski

Nov 23, 2016
3 min

EIA's Weekly Crude Inventory Report 11-23-16

WTI crude oil futures erased this morning’s light losses following the inventory report from the government which confirmed the surprise draw that the API reported last night. Meanwhile, gasoline and distillate stocks added more than expected last week as refineries hiked output. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks refer to oil (currently ab

EIA's Weekly Crude Inventory Report 11-16-16

Tony Zelinski

Nov 16, 2016
3 min

EIA's Weekly Crude Inventory Report 11-16-16

WTI crude oil sunk slightly following the inventory report, adding to the marginal losses seen ahead of the release. The government’s report showed a larger-than-expected increase in crude oil as well as surprise increases in both crude products as refiners unexpectedly and substantially ramped up production. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease sto

EIA's Weekly Crude Inventory Report 11-09-16

Tony Zelinski

Nov 9, 2016
3 min

EIA's Weekly Crude Inventory Report 11-09-16

WTI crude oil remained lower, marginally paring back on some pre-inventory losses following the report from the government. The EIA reported an inventory build that was less than what had been shown by the API last night, but more than expectations from earlier estimates. Gasoline and distillate stocks withdrew by more than what was expected despite a strong push from refiners to ramp up output. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude

EIA's Weekly Crude Inventory Report 11-02-16

Tony Zelinski

Nov 2, 2016
2 min

EIA's Weekly Crude Inventory Report 11-02-16

WTI crude oil slightly pared back on this morning’s steep losses despite the EIA’s inventory report which showed a substantially larger build than expected, confirming the sizable build reported by the API last night. Gasoline stocks fell more than expected while distillate’s draw was in line with expectations despite refiners hiking output which was taken as a positive. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S.

EIA's Weekly Crude Inventory Report 10-26-16

Tony Zelinski

Oct 26, 2016
2 min

EIA's Weekly Crude Inventory Report 10-26-16

WTI crude oil futures pared back on this morning’s steep losses following the positive inventory from the government that showed crude stocks unexpectedly falling while gasoline and distillate futures drew from inventories much more than expected despite refineries ramping up utilization. *Important Disclaimer: Beginning with last week’s inventory report, the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease s

EIA's Weekly Crude Inventory Report 10-19-16

Tony Zelinski

Oct 19, 2016
2 min

EIA's Weekly Crude Inventory Report 10-19-16

WTI crude oil futures built onto this morning’s strong gains after the EIA confirmed a draw that was initially reported by the API last night which contradicted analyst expectations for another build. However, a surprise increase in gasoline stocks and a smaller than expected draw from distillate stocks should keep gains in check. *Important Disclaimer: Beginning with last week’s inventory report, the EIA will no longer include crude oil lease stocks in U.S. total commercial

EIA's Weekly Crude Inventory Report 10-13-16

Tony Zelinski

Oct 13, 2016
2 min

EIA's Weekly Crude Inventory Report 10-13-16

WTI crude oil futures gave back some of the light gains that were seen ahead of the inventory as crude inventories added more to storage than was expected. Meanwhile, both distillate and gasoline stocks saw larger-than-expected decreases as refiners unexpectedly pulled back on output. *Important Disclaimer: Beginning with today’s inventory report, the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks re

EIA's Weekly Crude Inventory Report 10-5-16

Tony Zelinski

Oct 5, 2016
2 min

EIA's Weekly Crude Inventory Report 10-5-16

WTI crude oil futures added lightly to the gains from this morning following the government’s inventory report which revealed mixed results last week. Crude oil and distillate stocks were surprisingly lower than expected, while gasoline inventories added more than expected despite a large pull back in output from refiners. HIGHLIGHTS: US oil production fell 30k b/d. Gasoline demand remains strong. Expect minimal crude builds and strong finished product draws in the coming wee

EIA's Weekly Crude Inventory Report 9-28-16

Tony Zelinski

Sep 29, 2016
2 min

EIA's Weekly Crude Inventory Report 9-28-16

WTI crude oil futures added lightly to the gains from this morning following the government’s inventory report which revealed mixed results last week. Crude oil and distillate stocks were surprisingly lower than expected, while gasoline inventories added more than expected despite a large pull back in output from refiners. HIGHLIGHTS: Global Storage continues to decrease. Crude draws 1.882 million bbls. Refineries slowing down. See last weeks report ( here). SUMMARY: U.S. cr

EIA's Weekly Crude Inventory Report 9-21-16

Tony Zelinski

Sep 21, 2016
2 min

EIA's Weekly Crude Inventory Report 9-21-16

WTI crude oil futures tacked onto earlier gains following the inventory report from the EIA which confirmed the substantial decrease from the API reported last night that contradicted analyst expectations for a build. Additionally helping to support oil prices was the draw in gasoline stocks that was much more than expected, while distillate stocks increased despite refineries continuing to decrease output. HIGHLIGHTS: Crude stock dropped 6.2 million bbls. Large part of the d

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