BREAKING: OIL gains after US oil inventories data

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 declines in oil and gasoline inventories as well as a minor uptick in distillate inventories. However, private API report released yesterday in the evening hinted to a deeper than expected draws in oil and gasoline inventories, as well as an unexpected drop in distillate inventories.

DOE data released today has been more or less in-line with API report released yesterday. However, a reported drop in gasoline inventories was almost twice as large as suggested by API, while oil and distillate inventories were mostly in-line with API print.

Report can be seen as bullish for oil and such is the reaction of the market - Brent (OIL) and WIT (OIL.WTI) moved around 0.3-0.4% higher following DOE release.

DOE report on US oil inventories

Oil inventories: -3.74 mb vs -2.5 mb expected (API: -3.9 mb)
Gasoline inventories: -5.57 mb vs -0.5 mb expected (API: -2.8 mb)
Distillate inventories: -1.71 mb vs +0.1 mb expected (API: -1.5 mb)

Brent (OIL) gained following release of US inventory data and erased daily drop. OIL is now trading around 0.2% higher on the day. Source: xStation5

6 May 2026, 12:18 PM

🛢️⬇️Brent crude loses over 11%

5 May 2026, 7:20 PM

Daily Summary: Wall Street Hits New Records as Oil Prices Cool

5 May 2026, 10:06 AM

Chart of the day 📈Will oil reach $150? Enverus warns (05.05.2026)

5 May 2026, 6:55 AM

Morning wrap 📈 Bitcoin rebounds to $81k, Wall Street gains despite rising oil prices (05.05.2026)

Commodities

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days