16:33 · 28 February 2024

BREAKING: OIL ticks lower after DOE report

OIL
Commodities
-
-
OIL.WTI
Commodities
-
-

US Department of Energy (DOE) issued an official, weekly report on US oil inventories today at 3:30 pm GMT. Report was expected to show a build in crude oil inventories, as well as declines in gasoline and distillate stockpiles. Those expectations were somewhat confirmed by API reading yesterday. However, API data confirmed the direction, but scale of the changes differed significantly.

Actual report showed a bigger-than-expected build in US oil inventories, but at the same time much smaller than suggested by API data. Situation with gasoline was similar - stockpiles dropped more than expected but less than suggested by API. Distillate inventories data showed smaller than expected drop and came in-line with yesterday's API report.

DOE report on US oil inventories

  • Oil inventories: +4.20 mb vs +2.7 mb expected (API: +8.43 mb)
  • Gasoline inventories: -2.83 mb vs -1.5 mb expected (API: -3.27 mb)
  • Distillate inventories: -0.51 mb vs -2.1 mb expected (API: -0.52 mb)

Brent (OIL) ticked lower following release of DOE report. Price is breaking back below the $82.70 price zone. Source: xStation5

17 October 2025, 19:03

Daily summary: Trump remarks helps Wall Street 📈Precious metals decline

17 October 2025, 18:28

VIX drops 10% amid Wall Street rebound attempt🗽

17 October 2025, 17:50

3 markets to watch next week - (17.10.2025)

17 October 2025, 17:37

Fed's Musalem remarks on the US economy and tariffs🗽

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Join over 1.7 Million investors from around the world