05:00 PM GMT, United States - EIA Data:
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Crude Oil Inventories: actual -1.017M; forecast -0.4M; previous -1.962M;
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Crude Oil Imports: actual 0.184M; previous -1.304M;
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Gasoline Inventories: actual 2.332M; forecast 2.500M; previous 5.852M;
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Gasoline Production: actual -0.043M; previous 0.397M;
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EIA Weekly Distillates Stocks: actual -3.070M; forecast 0.600M; previous 3.077M;
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Distillate Fuel Production: actual -0.473M; previous -0.021M;
Although data suggests an overally improved demand for crude, the WTI contracts continue falling after Donald Trumps' declarations at the World Economic Forum in Davos to pressure OPEC and Saudi Arabia to lower oil prices.
Source: xStation5
Morning wrap: Stock Indices Fall Again 🚩 Oil Tries To Rebound Following US Strike on Iran’s Qeshm Island (03.11.2026)
Daily Summary: A Rollercoaster Ride in the Commodities Market🚨Oil Drops 7%; Gold Rallies Over 2%💥
🚨Oil and gas in Europe in a panic sell-off
Chart of the Day: Brent crude falls despite Trump's words about no desire to negotiate