Read more
4:12 PM · 20 June 2024

BREAKING: OIL gains slightly after EIA inventories change

US EIA Oil inventories change: -2.547M vs -2.8M and 3.73M

  • Gasoline inventories change: -2.28M vs 1.05M and 2.565M
  • Distillate inventories change: -1.726M vs 1.05M and 0.881M

OIL gains slightly after EIA data, which showed slightly lower than expected (but still very high) drop in oil inventories but much higher than expected drop in gasoline inventories, signalling higher demand. The decline in refinery capacity utilization was 1.5% percentage points compared to the previous report. No change was expected. Of course, the decline in petroleum product inventories can be attributed to the drop in refinery capacity utilization, but at the same time we have a decline in inventories of crude oil itself. The report is quite bullish for oil.

Source: xStation5

20 April 2026, 9:40 AM

⚫Brent Oil Above $90 per Barrel

20 April 2026, 8:25 AM

Oil prices rise as political rhetoric clashes with reality 📌

17 April 2026, 5:04 PM

Three Markets To Watch (20.04.2026)

17 April 2026, 2:29 PM

⬇️WTI Oil declines nearly 9%

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