BREAKING: Crude oil inventories rose 7.66 million barrels, yet oil prices do not react to the news

The latest reading published by EIA (The Energy Information Administration’s) indicates a sharp increase in oil inventories held by U.S. firms. Inventories jumped by 7.7 million barrels last week (est. 2.105 million). Gasoline inventories declined by 5,049 million barrels (est. -2.691) while distillate inventory shrank 6.404 million barrels (est. -2.203). Worth mentioning, U.S. refinery utilization dropped only 0.50% (prior: -1.00%). Oil prices do not seem to respond to these figures. The overall negative pessimism results from coronavirus fears and latest oil market turmoil.

Oil pries do not seem to react to the latest EIA's news. Source: xStation5

16 September 2026, 8:19 PM

📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls

16 September 2026, 7:59 PM

Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.

16 September 2026, 6:02 PM

🟡Gold gains 1.2% ahead of Fed decision

16 September 2026, 5:00 PM

🛢️US deal with the Houthis excludes Saudis, but Aramco fixes pipeline quickly. Why the drop in Brent crude?

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