Read more
2:51 PM · 9 October 2019

Breaking: Oil dips after inventory build

OIL
Commodities
-
-

There’s been a bit of a pullback in the Oil markets following the release of the latest US inventory data with both Oil and Oil.WTI paring their earlier gains. The latest EIA report gave the following figures:

 
  • Oil inventories: +2.9M vs +1.9M exp. API: +4.1M

  • Gasoline: -1.2M vs -0.9M exp. API: -5.9M

  • Distillates: -3.9M vs -2.0M exp. API; -4.0M

  • Refinery utilistation: -0.7% vs -0.35%

 

On the whole this is a fairly mixed release with the headline rising more than expected (but less than the API) but both gasoline and distillates showing drawdowns.

Oil pulled back from near its highest level in a week after the inventory data was released but the figures themselves should not be seen as too negative. The market is searching for direction in the near term and trading around the H1 cloud. Source: xStation 

 

24 December 2025, 7:43 AM

Morning Wrap (24.12.2025)

23 December 2025, 6:57 PM

Daily Summary: Holiday Commodity Fever

23 December 2025, 9:43 AM

Chart of the day: GOLD (23.12.2025)

22 December 2025, 6:44 PM

Daily summary: Dollar pulls back, while oil rebounds on US-Venezuela tensions (22.12.2025)

Join over 2 000 000 XTB Group Clients from around the world

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