3:32 PM · 26 June 2024

BREAKING: OIL drops after US inventory data

OIL
Commodities
-
-
OIL.WTI
Commodities
-
-

US Department of Energy (DOE) issued an official weekly report on US oil inventories today at 3:30 pm BST. Report was expected to show decline in all three major categories - oil, gasoline and distillates. However, private API report released yesterday suggested a noticeable build in headline crude inventories as well as large increase in gasoline inventories.

Actual DOE report turned out to be a bearish surprise - crude oil and gasoline inventories unexpectedly increased, while distillate inventories dropped much less than expected and less than suggested by API report yesterday. Oil dropped following the release, with Brent (OIL) now trading around $0.35 per barrel lower compared to pre-DOE levels.

DOE report on US oil inventories

  • Oil inventories: +3.59 mb vs -3.0 mb expected (API: +0.91 mb)
  • Gasoline inventories: +2.65 mb vs -1.1 mb expected (API: +3.84 mb)
  • Distillate inventories: -0.38 mb vs -1.5 mb expected (API: -1.18 mb)

Source: xStation5

14 October 2025, 1:16 PM

Coffee Futures Soar 5%, Break 400 Cents per Pound

14 October 2025, 12:40 PM

Technical look: Gold falls from the record high🔔

14 October 2025, 11:07 AM

BREAKING: US NFIB small business optimism weakens🗽US500 loses 0.8%

14 October 2025, 10:01 AM

BREAKING: German ZEW Data Weaker Than Expected

Join over 1 700 000 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