4:07 PM · 11 March 2020

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

25 July 2026, 9:00 AM

When will the rise in oil prices reach us?

24 July 2026, 6:55 PM

Daily Summary: Equities Diverge as Tech Lags, Europe Rallies on Earnings & PMIs (24.07.2026)

24 July 2026, 5:43 PM

Three markets to watch next week (24.07.2026)

24 July 2026, 5:06 PM

Oil Slides Ahead of the Weekend!

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits