Commodity Research

From the EIA’s Today in Energy, here is a look at US petroleum consumption:

So far, the lowest struck put that traded is the June $0 put (and only one lot)... The buyer has the right to sell crude oil for...nothing! Settled at

Here are some charts from the EIA’s This Week in Petroleum showing stock levels compared to 5 year ranges and demand (days supply):

Alex Longley, Jack Farchi and Catherine Ngai, Bloomberg, write about market participants changing pricing models to account for negative oil prices,

Sharon Cho and Alex Longley, Bloomberg, display a nice chart showing global oil stocks surging, here...

Amrith Ramkumar, Wall Street Journal, has a nice piece on the US Oil Fund, here... ”Roughly $5 billion has flowed into the U.S. Oil Fund this year,

The CME’s Option Settlement Tool shows June implied vol settling at 216.3, +96!!!  224,518 puts traded to 82,821 calls...  This is what happens when

Going into the last day of trading, May CL crude open interest is at 15,702, -92,891... This is based on the CME’s Daily Bulletin,

Here is a long term chart of WTI oil including today’s record low, sharply minus price: