5:02 PM · 4 January 2024

BREAKING: Oil drops after EIA inventory report

US Energy Information Administration (EIA) issued an official, weekly report on US oil inventories today at 4:00 pm GMT. Report was expected to show a drop in headline crude oil and gasoline inventories as well as builds in distillate inventories. API report released yesterday suggested a significant decline in crude oil inventories.

Oil inventories: -5.5 mb vs -3.0 mb expected (API: -7.42 mb)
Gasoline inventories: +10.9 mb vs -1.5 mb expected
Distillate inventories: +10.09 mb vs +1.3 mb expected

Source: xStation

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