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BREAKING: Oil gains slightly after EIA report 📊 Inventories declines faster than expected

5:01 PM 18 January 2024

EIA US Crude oil inventories (4 PM GMT) came in lower than expected. Actual: -2.492 million barrels (Forecast: -0.85M, Previous: 1.338M)

  • Gasoline inventories came in higher than expected due to lower cars' transportation during a cold weather).  Actual 3.083 million barrels (Forecast 2.5M, Previous 8.029M) 
  • Crude inventories in Cushing (Oklahoma) came in lower than previously. Actual: -2.099 million barrels (Previous: -0.506M)

  • Distillate inventories rises more than expected. Actual: 2.37 million barrels (Forecast: 1.9M, Previous: 6.528M) (

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