Official report on a weekly change in US oil inventories was released at 2:30 pm GMT. Official report diverged from yesterday's API release by quite a lot and can be generally seen as bearish for prices.
-
Oil inventories: -3.115 mb vs +0.3 mb expected (API: -6.53 mb)
-
Gasoline inventories: -1.26 mb vs -1.2 mb expected (API: -2.64 mb)
-
Distillate inventories: +0.43 mb vs -0.7 mb expected (API: +0.86 mb)
Oil prices moved lower following the release as the DOE report pointed to a smaller crude inventory draw than signaled by API. However, reaction was minor and was quickly reversed with crude now trading higher than prior to the release.
Brent (OIL) moved slightly lower following the DOE report release but the move was quickly erased. Price is now bouncing off the $94.40 support zone and eyeing a test of the $95 swing area. Source: xStation5
Morning Wrap: Asia pulls back on peace skepticism. Tokyo flags yen intervention (19.06.2026)
Daily Summary: Dollar at 1-year high, stocks rebound on renewed risk appetite 🚀 (18.06.2026)
NATGAS spikes following EIA report 📈 Inventories decelerate
Market Wrap: Dollar strongest since May 2025, auto stocks under pressure (18.06.2026)