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Crude Oil Supply-Demand Balance Deviations


       
  1 Year   3 Years   5 Years   Max
Last update: May 19, 2019, 3:54 EDT

Description

This chart shows the simple difference between weekly supply-demand balance and year-ago balance (pale cyan curve) as well as five-year average balance (bright cyan curve). It also shows the average price of crude oil prompt month futures contract (NYMEX WTI - bright orange curve).

Historical data is available from January 2, 2015.

The chart is interactive. You can click on any series in the legend to hide/show the data. You can also click on the chart and drag out a specific area you wish to zoom. Alternatively, use calendar filter to select a specific data range. Also, to print or download the chart, click on the "menu" button in the top right corner of the chart.

Update: every Wednesday + review every Sunday

Source: U.S. Energy Information Administration, Bluegold Research estimates and calculations

TRADERS' NOTE

The left axis of the chart is intentionally inverted because it is assumed (but not asserted) that negative difference in SD balance should exert an upward pressure on prices, while positive difference in SD balance should exert a downward pressure on prices.

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