United States Gasoline ETF
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Gasoline Prices Could Continue to Outperform Oil Prices
The shutdown at Philadelphia Energy Solutions could increase US oil inventories in the coming weeks. But at the same time, gasoline inventories might decline. The Philadelphia Energy Solutions refinery has a refining capacity of 335,000 barrels per day. On June 26, the United States Gasoline Fund (UGA), which follows gasoline prices, rose 4%.
Is US Gasoline Demand Helping Oil Bulls?
US gasoline consumption averaged 9.32 MMbpd in 2017. Gasoline consumption could average 9.31 MMbpd in 2018 and 9.36 MMbpd in 2019.
US Gasoline Demand Could Hit a New Record
The EIA estimates that the four-week average US gasoline demand increased 2.4% to 9,701,000 bpd (barrels per day) on June 22–29.
How Is the Energy Sector Performing in 2018?
In the first half of 2018, crude oil (USO) prices increased ~23.0% from their year-end 2017 close of $60.42 per barrel to $74.15 per barrel.
How Are Energy Commodities Performing This Week?
In the week starting July 2, crude oil (USO) prices have fallen marginally.
How Are Energy Commodities Performing This Week?
As of June 27, crude oil (USO) prices had risen 6% this week, from last week’s close of $68.58 per barrel to $72.76 per barrel.
How Energy Commodities Are Performing This Week
Crude oil (USO) prices rose from last week’s close of $68.58 per barrel to $70.53 per barrel on June 26—an increase of ~3%.
How Energy Commodities Are Performing This Week
For the week starting June 18, crude oil (USO) prices are on the rise. They increased from last week’s close of $65.06 per barrel on June 15 to $65.54 per barrel on June 21—an increase of ~0.77% so far.
A Look at Valero Energy’s Surge This Year
Year-to-date, Valero Energy (VLO) has been the Energy Select Sector SPDR ETF’s (XLE) fourth-strongest energy stock, rising ~27%.
How the Energy Sector Is Doing This Year
In this series, we’ll look at the Energy Select Sector SPDR ETF’s (XLE) strongest stocks, and analyze the developments behind their movement.
How Energy Commodities Performed from June 18–20
Energy stocks are rising this week. The Energy Select Sector SPDR ETF (XLE) has risen 1.2% from June 18–20.
Brent and US Crude Oil before OPEC’s Meeting
On June 8–15, Brent crude oil August futures fell 3.9%, which was 2.9 percentage points more than the fall in US crude oil.
How Are Energy Commodities Performing This Week?
This week, crude oil (USO) prices had risen more than 1% as of June 13, from last week’s closing price of $65.74 per barrel on June 8 to $66.64 per barrel.
Why Brent Underperformed US Crude Oil Last Week
From June 1–8, US crude oil July futures fell 0.1%. On June 8, they settled at $65.74 per barrel.
How Are Energy Commodities Performing This Week?
Crude oil prices have decreased from last week’s close of $65.81 per barrel on June 1 to $64.73 per barrel on June 6—a decrease of ~2.0% so far.
Why US and Brent Crude Oil Diverged Last Week
Last week (May 25–June 1), US crude oil July futures fell 3%.
Are Crude Oil Bulls Tracking US Gasoline Demand?
The EIA estimates that the four-week average US gasoline demand increased 1.6% to 9,671,000 bpd (barrels per day) on May 18–25.
Gasoline Inventories Pressure Gasoline and Oil Futures
The EIA reported that US gasoline inventories increased by 0.5 MMbbls (million barrels) to 234.4 MMbbls on May 18–25.
API’s Gasoline and Distillate Inventories on May 18–15
US gasoline futures rose 1.9% to $2.18 per gallon on May 30. The United States Gasoline ETF (UGA) rose ~2.3% to $34.93 on May 30.
Why Oil’s Rally Is Cooling
Between May 18 and May 25, US crude oil July futures fell 4.9%—the steepest weekly decline since February 9.
Is US Gasoline Demand Helping Crude Oil Prices?
The EIA (U.S. Energy Information Administration) estimates that four-week average US gasoline demand increased 1.6% to 9,521,000 bpd (barrels per day) between May 11 and 18.
How Energy Commodities Are Performing This Week
For the week starting May 21, crude oil (USO) prices have been leading the decline in energy commodities. Crude oil prices decreased from last week’s close of $71.37 per barrel on May 18 to $70.71 per barrel on May 24.
Gasoline Inventories Pressure Gasoline and Oil Prices
US gasoline inventories increased by 1.9 MMbbls to 233.9 MMbbls on May 11–18. The inventories have fallen by 5.9 MMbbls or 2.5% YoY.
API’s Gasoline and Distillate Inventories Last Week
The API released its US gasoline and distillate inventory data on May 22. US gasoline inventories increased by ~0.98 MMbbls on May 11–18.
Will US Gasoline Demand Increase in 2019?
According to the EIA, the four-week average US gasoline demand decreased 0.9% to 9,370,000 bpd (barrels per day) on May 4–11.
Energy Commodities and Stocks Rising This Week
This week, crude oil (USO) prices increased ~2.6% from last week’s close of $70.70 per barrel to $71.49 per barrel by Thursday.
Gasoline Inventories Support Gasoline and Oil Prices
The larger-than-expected decline in gasoline inventories helped US gasoline futures on May 16. US gasoline futures rose 2.1% to $2.3 per gallon on May 16.
Analyzing the API’s Gasoline and Distillate Inventories
The API released its US gasoline and distillate inventory data on May 15. US gasoline inventories decreased by ~3.4 MMbbls on May 4–11.
Oil Reacts to President Trump’s Exit from the Iran Nuclear Deal
On May 4–11, US crude oil June futures rose 1.4%. On May 11, US crude oil June futures settled at $70.7 per barrel.
EIA Downgrades US Gasoline Demand Estimates for 2018
The EIA estimates that the four-week average US gasoline demand increased 1.3% to 9,451,000 bpd (barrels per day) on April 27–May 4.
Drop in Gasoline Inventories Boosts Gasoline and Oil Prices
According to the EIA, US gasoline production decreased 0.7% to 9,974,000 bpd (barrels per day) on April 27–May 4.
Analyzing the API’s Gasoline and Distillate Inventories
The API reported that US gasoline inventories decreased by ~2.1 MMbbls (million barrels) on April 27–May 4.
Is US Gasoline Demand Driving Crude Oil Futures?
The EIA estimates that US gasoline consumption could average 9.35 MMbpd in 2018 and 9.40 MMbpd in 2019, respectively.
EIA Reports Surprise Increase in US Gasoline Inventories
The EIA released its weekly gasoline inventory data on May 2. It reported that US gasoline inventories increased by 1.1 MMbbls (million barrels) to 237.9 MMbbls from April 20 to 27.
Will US Gasoline and Distillate Inventories Boost Oil Prices?
The API reported that US gasoline inventories increased by 1.6 MMbbls (million barrels) on April 20–27.
US Gasoline Demand Decreased on April 13–20
The EIA estimates that the four-week average US gasoline demand decreased by 31,000 bpd (barrels per day) to 9,354,000 bpd on April 13–20.
EIA Reports an Unexpected Build in US Gasoline Inventories
US gasoline futures rose on April 25 despite the unexpected build in gasoline inventories. US gasoline futures increased 1.3% to $2.12 per gallon.
US Gasoline and Distillate Inventories Could Impact Oil Prices
The API reported that US gasoline inventories decreased by 2.7 MMbbls (million barrels) on April 13–20.
Gasoline Demand and Crude Oil Futures’ Bullish Momentum
June 2018 WTI oil futures contracts fell 0.1% from the previous settlement to $68.33 per barrel at 2:00 AM EST on April 23.
US Gasoline Inventories Boost Gasoline and WTI Oil Prices
US gasoline production increased 0.5% to 10,204,000 bpd on April 6–13, 2018. The production has increased by 410,000 bpd or 4.2% YoY.
US Gasoline and Distillate Inventories Could Move Oil Prices
The API reported that US gasoline inventories decreased by 2.4 MMbbls (million barrels) on April 6–13, 2018.
Gasoline Demand Impacts Crude Oil Prices
May 2018 WTI oil futures contracts rose 0.4% from the previous settlement to $66.51 per barrel at 1:45 AM EST on April 17, 2018.
US Gasoline Inventories Increased for the First Time in 6 Weeks
The EIA reported that US gasoline inventories increased by 0.5 MMbbls (million barrels) to 238.9 MMbbls on March 30–April 6, 2018.
Gasoline and Distillate Inventories: Higher Crude Oil Prices?
The API reported that US gasoline inventories increased by 2 MMbbls (million barrels) on March 30–April 6, 2018.
Is Gasoline Demand Helping Crude Oil Bulls?
May WTI oil futures contracts rose 0.4% from the previous settlement to $62.33 per barrel at 2:45 AM EST on April 9, 2018.
US Gasoline Inventories Fell for the Fifth Straight Week
The EIA reported that US gasoline inventories dropped by 1.1 MMbbls (million barrels) to 238.4 MMbbls on March 23–30, 2018.
Gasoline and Distillate Inventories Could Boost Crude Oil Futures
The API reported that US gasoline inventories increased by 1.1 MMbbls (million barrels) on March 23–30, 2018.
Is Gasoline Demand Helping Crude Oil Prices?
May WTI crude oil futures contracts rose 0.3% from the previous settlement to $65.17 per barrel at 2:15 AM EST on April 2, 2018.
US Gasoline Inventories Fell for the Fourth Consecutive Week
The EIA reported that US gasoline inventories declined by 3.4 MMbbls (million barrels) to 239.5 MMbbls on March 16–23, 2018.
Natural Gas Leading the Rise in Energy Commodities This Week
For the week starting March 26, 2018, natural gas (UNG) prices are leading the rise in energy commodities.
Which Energy Stocks Are Leading the Rise in the Energy Sector?
The stocks that are leading the rise in XLE are Marathon Petroleum (MPC), Valero Energy (VLO), and Marathon Oil (MRO).
Gasoline and Distillate Inventories Could Impact Crude Oil Prices
A larger-than-expected decline in gasoline inventories reported by the EIA could support gasoline prices. Higher gasoline prices could also benefit oil prices.
Gasoline Demand Could Drive Oil Prices Higher
According to the EIA, the four-week average US gasoline demand increased by 81,000 bpd (barrels per day) to 9,276,000 bpd on March 9–16, 2018.
US Gasoline Inventories Supported Gasoline and Oil Prices
US gasoline inventories dropped by 1.6 MMbbls (million barrels) to 243.1 MMbbls on March 9–16, 2018, according to the EIA.
API Reports a Drop in Gasoline and Distillate Inventories
WTI oil futures contracts for May delivery rose 0.1% from the previous settlement and were trading at $63.6 per barrel at 2:05 AM EST on March 21.
Gasoline Demand Could Boost Crude Oil Futures
US crude oil futures contracts for May delivery fell 0.42% from the previous settlement to $62.15 per barrel at 2:00 AM EST on March 19, 2018.
US Gasoline Inventories Helped Gasoline and Oil Prices
The EIA released its crude oil inventory report on Wednesday, March 14, 2018.
Gasoline and Distillate Inventories Might Support Crude Oil Futures
The API reported that US gasoline inventories decreased by 1.2 MMbbls (million barrels) on March 2–9, 2018.
Gasoline Demand Could Drive Crude Oil Prices Higher
April US crude oil futures were trading flat from the previous settlement at $62.04 per barrel at 2:20 AM EST on March 12, 2018.
US Gasoline Inventories Declined for the First Time in 5 Weeks
The EIA reported that US gasoline inventories decreased by 0.8 MMbbls (million barrels) to 251 MMbbls on February 23–March 2, 2018.
Is US Gasoline Demand above the 5-Year Average?
On March 6, 2018, the EIA said that US gasoline consumption could average 9.35 MMbpd in 2018—0.1% higher than the February 2018 estimates.
Gasoline Inventories Could Help Crude Oil Prices
April US crude oil futures contracts fell 0.8% from the previous settlement and were trading at $62.05 per barrel at 1:10 AM EST on March 7, 2018.
Unexpected Rise in US Gasoline Inventories
According to the EIA, US gasoline inventories increased by 2.4 MMbbls (million barrels) or 1% to 251.8 MMbbls on February 16–23, 2018.
Gasoline Demand Could Support Crude Oil Bulls
According to the EIA, the four-week average US gasoline demand increased by 76,000 bpd to 9,054,000 bpd on February 9–16, 2018.
Gasoline Inventories Could Support Crude Oil Futures
The API reported that US gasoline inventories increased by 1.9 MMbbls (million barrels) on February 16–23, 2018.
US Gasoline Inventories Are above the 5-Year Average
US gasoline inventories increased by 0.2 MMbbls (million barrels) to 249.3 MMbbls on February 9–16, 2018, according to the EIA.
Gasoline Inventories Could Weigh on Crude Oil Futures
US gasoline inventories increased by 1.4 MMbbls (million barrels) on February 9–16, 2018, according to the API.
Gasoline Demand Is Vital for Crude Oil Bulls
According to the EIA, the four-week average US gasoline demand increased by 98,000 bpd or 1.1% to 8,978,000 bpd on February 2–9, 2018.
US Gasoline Inventories Rose: Bad News for Crude Oil Prices
US gasoline inventories increased by 3.6 MMbbls (million barrels) or 1.5% to 249 MMbbls on February 2–9, 2018, according to the EIA.
Gasoline Demand Could Limit the Downside for Crude Oil Futures
The four-week average US gasoline demand increased by 74,000 bpd (barrels per day) to 8,880,000 bpd on January 26–February 2, 2018.
Gasoline Inventories: Bearish Momentum in Crude Oil Futures?
US gasoline inventories increased by 4.6 MMbbls (million barrels) on February 2–9, 2018, according to the API.
Larger Build in US Gasoline Inventories Pressures Oil Prices
According to the EIA, US gasoline inventories increased by 3.4 MMbbls (million barrels) to 245.4 MMbbls on January 26–February 2, 2018.
EIA Upgrades US Gasoline Demand for 2019
The four-week average US gasoline demand increased by 99,000 bpd (barrels per day) or 1.1% to 8,806,000 bpd on January 19–26, 2018.
Gasoline Inventories Could Extend the Decline in Crude Oil Futures
US gasoline inventories decreased by 0.2 MMbbls (million barrels) on January 26–February 2, 2018, according to the API.
World Fuel Services: The Only Refining and Marketing Gainer
Refining and marketing gainers In this part, we will look at the top percentage gainers from the refining and marketing sector in the US for the week starting January 29, 2018. To compile the list of top refining and marketing gainers, we have selected refining and marketing companies with market capitalizations of greater than $100 […]
Phillips 66’s Strong Performance in 2017
In 2017, Phillips 66 (PSX) was the fifth-best-performing energy stock of the Energy Select Sector SPDR ETF (XLE).
US Gasoline Inventories Could Threaten Crude Oil Prices
According to the EIA, US gasoline inventories increased by 3.1 MMbbls (million barrels) to 244 MMbbls on January 12–19, 2018.
US Gasoline Demand Could Extend the Crude Oil Price Rally
The EIA estimated that four-week average US gasoline demand decreased by 190,000 bpd (barrels per day) to 8,904,000 bpd on January 5–12, 2018.
Gasoline Inventories Could Cap the Upside for Oil Prices
On January 23, 2018, the API released its crude oil inventory report. US gasoline inventories increased by 4.1 MMbbls on January 12–19, 2018.
These Energy Commodities Rose This Week
With the mixed performance from energy commodities, energy stocks are down this week. As of January 17, the Energy Select Sector SPDR Fund (XLE) has fallen ~0.4% this week.
Nigeria and US Gasoline Inventories Could Impact Crude Oil Prices
On January 17, 2018, the API published its crude oil inventory report. US gasoline inventories rose by 1.8 MMbbls (million barrels) on January 5–12, 2018.
US Gasoline Inventories: More Concerns for Oil in 2018?
US gasoline inventories rose by 4.1 MMbbls (million barrels) to 237.3 MMbbls between December 29, 2017, and January 5, 2018.
Gasoline and Distillate Inventories Could Impact Crude Oil Prices
February US crude oil (DWT) (SCO) futures contracts rose 0.8% and were trading at $63.46 per barrel at 1:13 AM EST on January 10, 2018.
Does ConocoPhillips Plan to Increase Production in the Next 3 Years?
ConocoPhillips (COP) expects its fiscal 2018 production to reach 1,180–1,220 Mboepd.
Which Energy Commodity Is Leading in 2017?
Year-to-date in 2017, natural gas prices are leading the decline in energy commodities. Crude oil prices bottomed out in June 2017 and have risen ~37.0% since then.
Will US Gasoline Demand Help Crude Oil Prices This Week?
According to the EIA, US gasoline demand rose by 423,000 bpd (barrels per day) or 4.6% to 9,595,000 bpd on November 10–17, 2017.
US Gasoline Demand Hit a Record in October 2017
According to the API, US gasoline demand averaged 9,300,000 bpd (barrels per day) in October 2017. It was the highest level ever.
Crude Oil and Gasoline Inventories Could Impact Crude Oil Futures
December US crude oil (DWT) (DBO) futures contracts fell 0.56% to $56.88 per barrel in electronic trade at 1:10 AM EST on November 8, 2017.
US Gasoline Inventories: Will Crude Oil’s Rally Be Short-Lived?
US gasoline inventories rose for the fourth straight week. The inventories are 8.5 MMbbls or 4% higher than the five-year average.
Are US Gasoline Inventories a Pain for Crude Oil Bulls?
The EIA (U.S. Energy Information Administration) estimates that US gasoline inventories rose by 1.6 MMbbls to 218.9 MMbbls on September 22–29, 2017.
US Gasoline Demand: Are the Crude Oil Bears Taking Control?
Weekly US gasoline demand rose by 81,000 bpd to 9.5 MMbpd on September 15–22, 2017. Gasoline demand rose by 642,000 bpd or 7.2% YoY.
Gasoline Inventories Could Pressure Crude Oil Prices
The API estimates that US gasoline inventories rose by 4.19 MMbbls on September 22–29, 2017. The market expected a build by 1.08 MMbbls.
Broader Energy Sector Is Underperforming S&P 500 This Week
For the week beginning October 2, 2017, natural gas prices are leading the decline in energy commodities.
Understanding the Rising US Gasoline Inventories
The EIA estimated on September 27 that US gasoline inventories rose 1.1 MMbbls (million barrels) to 217.2 MMbbls from September 15–22, 2017.
US Gasoline Demand Today: Bullish or Bearish for Crude?
The EIA estimates that weekly US gasoline demand fell 178,000 bpd (barrels per day) to 9.4 MMbpd between September 8 and September 15.
Will the EIA’s Gasoline Inventories Surprise Traders?
On September 27, crude oil futures prices rose due to the surprise draw in US crude oil inventories reported by the American Petroleum Institute the previous day.
US Gasoline Inventories Fell for 4th Time in 5 Weeks
The EIA (U.S. Energy Information Administration) estimates that US gasoline inventories fell 2.1 MMbbls (million barrels), or 1%, to 216.1 MMbbls between September 8, 2017, and September 15, 2017.
US Gasoline Demand Could Fall in 2018
The EIA estimates that weekly US gasoline demand rose by 456,000 bpd (barrels per day) to 9.6 MMbpd (million barrels per day) on September 1–8, 2017.
US Gasoline Inventories’ Largest Weekly Drop in 27 Years
The EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report on September 13.
Pre-Hurricane Harvey, US Crude Oil Demand Hit a Record High
US refinery crude oil demand The EIA (U.S. Energy Information Administration) estimates that US refinery crude oil demand rose by 264,000 bpd (barrels per day) to 17,725,000 bpd between August 18 and 25, 2017, reaching the highest level since 1982. Refinery demand rose 1.5% week-over-week and rose 1,110,000 bpd, or 6.6%, year-over-year. High refinery demand is […]