BREAKING: EIA’s crude oil inventories decline more than expected

A few moments ago investors were offered The Energy Information Administration’s (EIA) report. The weekly data showed that crude oil inventories declined even more than expected. Gasoline inventories fell more or less in line with forecasts while distillate inventory showed much larger decline. The exact results were as follows:

Crude Oil Inventories: -3818k (vs expected: -3400k)
Gasoline Inventories: -1626k (vs expected: -1400k)
Distillate Inventory: -7240k (vs expected: -1950k)

OIL.WTI prices went slightly up shortly after the announcement. Looking at H1 time frame, WTI has remained in local consolidation recently. The area at $39.1 is key support level while the $42.30 level might be regarded as a resistance area. Source: xStation5

10 July 2026, 6:35 PM

Daily Summary: The week ends on a positive note. SK Hynix up 14% on Nasdaq. Energy down (10.07.2026)

10 July 2026, 5:54 PM

Three markets to watch next week (10.07.2026)

10 July 2026, 3:59 PM

BREAKING: Iran and US are back at the negotiation table?! Oil takes a step back, stocks tick up!

9 July 2026, 6:52 PM

Daily Wrap: Technology Leads Wall Street Higher. Markets Shrug Off US–Iran Tensions

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