- Change in crude oil inventories according to DOE: 3.72 million barrels (Expected: 2.3 million barrels; Previous: 1.79 million barrels)
- Change in gasoline inventories: -1.6 million barrels (Expected: -1.4 million barrels; Previous: 4.12 million barrels)
- Change in distillate inventories: -2.02 million barrels (Expected: -0.7 million barrels; Previous: 0.56 million barrels)
The oil market continues to experience an oversupply of crude, as evidenced by the rising oil inventories in the USA. However, there is a noticeable shortage of gasoline and distillates, indicating insufficient refining capacity relative to current demand. The sustained high demand for gasoline suggests that the American economy remains in good condition, with fuel consumption remaining strong. On the other hand, rising gasoline prices may exert inflationary pressure, especially concerning transportation and logistics costs. Regionally, the largest decline in gasoline inventories was recorded in the PADD 3 area (Gulf Coast), which may indicate increased fuel exports from this key refining hub.
Meanwhile, the increase in inventories in PADD 1 (East Coast) suggests that local entities may be aiming to rebuild reserves after previous declines and prepare for potential increased consumption in the coming weeks.
The market reaction to the latest data was moderate but still bearish. Following the release of the DOE report, a downwards candlestick with long upper and lower shadows appeared on the oil price chart, indicating a high level of uncertainty among investors. Initially, the market attempted to discount the declines in finished product inventories, but the prevailing signal of crude oil oversupply outweighed, leading to a price correction. Such a candlestick formation often reflects a lack of clear direction and nervousness among traders, which may suggest that investors are waiting for further macroeconomic data or guidance on OPEC+ production policy before taking more decisive actions.
Source: Xstation5
US OPEN: Wall Street not afraid of Shutdown 📈💲
Technical analysis DE40 (08.10.2025)
Gold gains 1.3% amid rising odds on Fed rate cut 📈
Chart of the day: EURUSD (08.10.2025)
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
