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

14 August 2026, 6:59 PM

Daily Summary: EUR/USD tries to reverse the trend; Wall Street marks its third consecutive week of gains 🚨

14 August 2026, 1:00 PM

Market Wrap: European software stocks keep indices near record highs. Dollar gives up this week's gains (14.08.2026)

13 August 2026, 4:05 PM

US Open: S&P 500 close to highs - as September Fed hike chances fall (13.08.2026)

13 August 2026, 12:36 PM

Coffee Falls 5% on ICE 📉 Profit-Taking Hits the Market Despite Low Arabica Inventories

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