US oil and gas stocks against the five year norm, with what changed and what comes next: EIA weekly commercial crude stocks and Lower 48 gas storage, each placed against the same week in the prior five years; WTI, Brent and Henry Hub spot prices; the Brent to WTI spread; WTI 30 day realised volatility (computed from EIA spot prices, backward looking); the dates of the next EIA reports.
WTI Crude Oil Spot Price: West Texas Intermediate crude oil spot price at Cushing OK in USD per barrel, from the U.S. Energy Information Administration (EIA), daily. The US oil benchmark.
Europe Brent Spot Price FOB (EIA): Europe Brent spot price, FOB, in USD per barrel, from the U.S. Energy Information Administration (EIA, series RBRTE), daily. A spot price, which can differ from the ICE Brent futures quote.
Natural Gas Price: Henry Hub natural gas spot price in $/MMBtu, from the U.S. Energy Information Administration (EIA), daily. The primary commodity input for gas-powered Bitcoin mining operations.
Brent-WTI Spread: International (Brent) minus US (WTI) crude oil price in USD per barrel. Wider Brent premium reflects supply tightness in international waters (e.g., shipping disruptions). Negative readings (WTI > Brent) often coincide with US oversupply.
WTI 30 Day Realised Volatility: How much WTI crude moved over the last 30 trading days, annualised, in percent. Computed by PreReason from EIA daily spot prices. Backward looking: not an implied volatility index.
Crude Oil Inventory Seasonal Z Score: Weekly EIA crude oil ending stocks (excluding the SPR) against the same week of the year in the prior five years, in standard deviations. Positive means stocks sit above that seasonal norm, negative means below.
Natural Gas Storage Seasonal Z Score: Weekly EIA working gas in storage for the Lower 48 against the same week of the year in the prior five years, in standard deviations. Positive means storage sits above that seasonal norm, negative means below.
Correlations
Measured over 90 days:
WTI Crude Oil Spot Price and Europe Brent Spot Price FOB (EIA)
Questions about the Energy Basket briefing
What is in the Energy Basket briefing?
US oil and gas stocks against the five year norm, with what changed and what comes next: EIA weekly commercial crude stocks and Lower 48 gas storage, each placed against the same week in the prior five years; WTI, Brent and Henry Hub spot prices; the Brent to WTI spread; WTI 30 day realised volatility (computed from EIA spot prices, backward looking); the dates of the next EIA reports. It holds 7 metrics and 1 correlation pair over 90 days, each figure with the date it describes and the source it came from.
Which plan reads the Energy Basket briefing?
The Pro plan reads it, and every plan above Pro.
How does an AI agent read the Energy Basket briefing?
Over MCP, with the get_context tool and the briefing id commodities.energy-basket. Over REST, with GET https://api.prereason.com/api/context?briefing=commodities.energy-basket and an API key, as Markdown (the default) or JSON (format=json).
Can I read the Energy Basket briefing as of a past date?
Yes, with date=YYYY-MM-DD. A dated read serves only periods released by that date, and each figure says when it was public, or that it may be a later revision. How far back depends on the plan; on the Pro plan: All available data.
Where does the data in the Energy Basket briefing come from?
Each figure names its source and the date it describes. The data sources page (https://www.prereason.com/data-sources) lists every source PreReason reads.
API: GET /api/context?briefing=commodities.energy-basket
Format options: ?format=markdown (default) or ?format=json