CFTC COT | July 08, 2011

Commitment of Traders Report - July 8, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended July 5. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Index investment climbed for the fourth week in a row at +$3.34 billion. Last week had seen an inflow of +$6.67 billion. The energy commodity markets received an inflow of +$2.28 b.....

DOE CRUDE STATS | July 07, 2011

7 July 2011

Apparent US oil demand showed surprising strength this week while crude stocks posted a mild draw. Apparent principal product demand increased 0.59 mb/d to 15.25 mb/d, with finished mogas and distillate up a combined 0.26 mb/d. Still, 4wk avg total product supplied remains 0.34 mb/d (or 1.8%) lower y-o-y and a full 1.8 mb/d (or 8.8%) under what it was in 2007. US crude stocks drew -0.89m bbl, perhaps underwhelming to the market given an API figure of -3.2m bbl. Cushing continued its seasonal d.....

CFTC COT | July 01, 2011

July 01, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 28. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. Non-commercial net length decreased in WTI for the second consecutive week, while net length rose in gasoline and fell in heating oil during the week ended June 28. The non-comm.....

DOE CRUDE STATS | June 29, 2011

29 June 2011

In this week’s EIA data, crude stocks drew -4.4m bbl to 359.5m bbl while gasoline production took a hit following a four week rally. The stock draw was more than double the consensus estimate, and WTI prices advanced more than 3% following the release. A slight drop in crude runs (-31 kb/d w-o-w) was overwhelmed by a sharp fall in imports, down by -271 kb/d. Despite a slight w-o-w drop, refinery utilization at 88.1% still remains at its highest level since August 2010. Major data points: .....

CFTC COT | June 24, 2011

Commitment of Traders Report - June 24, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 21. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. The non-commercial net long position saw a sharp decline in WTI , as well as in gasoline and heating oil. Non-commercial WTI net length declined by 27.2k to 233.8k in futures,.....

DOE CRUDE STATS | June 22, 2011

22 June 2011

In this week’s EIA data, crude stocks drew -1.7m bbl to 363.8m bbl while gasoline production continued to climb as refiners pushed up crude runs moving into the summer. The 544 kb/d surge in gasoline production (4wk avg) since the start of May stems from an increase in crude throughput across the country, with refineries operating at 89.2% of capacity, the highest level since August 2010. Apparent gasoline demand has spiked in recent weeks, elevating from sub-2009 levels to a robust 9.3 mb/d (.....

CFTC COT | June 17, 2011

Commitment of Traders Report - June 17, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 14. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. The week ended June 14 was somewhat calm in relation to the tumult of the previous few weeks. Non-commercial net length experienced relatively moderate increases across the petrol.....

DOE CRUDE STATS | June 15, 2011

June 15, 2011

June 15, 2011 Continued low imports and a 243 kb/d decline in runs contributed to a -3.4m bbl draw in crude stocks this week. A -1.1m bbl draw in Cushing leaves stocks there essentially even with year-ago levels for the first time since March 2010. Historical trends in Cushing stocks would suggest that inventories may draw by an additional 4m – 6m bbl between now and the onset of winter, which would provide additional breathing space relative to effective storage capacity. On a national level,.....

CFTC COT | June 10, 2011

Commitment of Traders Report - June 10, 2011

Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended June 7. We focus on net length of non-commercial traders as well as net length of money managers and swap dealers as indicated in the disaggregated data for WTI , natural gas, gasoline, and heating oil. The non-commercial net long position jumped steeply for the second consecutive week to reach its peak for the year in the natural gas market. Non-commercials boosted their net long.....

DOE CRUDE STATS | June 08, 2011

8 June 2011

This week’s stats had to fight for attention amid the drama of Vienna, but a few interesting points came through in the data. Crude imports dropped 918 kb/d to 8.6 mb/d while runs continued to improve, up 261 kb/d to 15.1 mb/d. Crude stocks drew -4.8m bbl. This week’s -1.0m bbl draw in Cushing brings crude stocks in the Midcon pricing hub to 41.9m bbl, the lowest level since February. Though Cushing inventories have fallen only a slight -3.0m bbl over the last two months, they are now within 1.5.....