5:08 PM · 14 November 2019

Breaking: Oil pulls back as inventories and production rise

The weekly crude oil inventory data has caused some selling in the oil markets with the headline rising more than expected and production in the US hitting a new record high. 

 

The breakdown of the report was as follows:

 
  • Crude oil inventories: +2.2M vs +1.5M exp. API: -0.5M

  • Gasoline: +1.9M vs -1.3M exp

  • Distillates: -2.5M vs -1.0M exp

  • US production: 12.8M bpd - new record high 

The initial reaction has been negative in Oil, with the market respecting resistance around the 63.30 level once more. Last week’s inventories showed a large build  (+7.9M) and caused a sustained sell-off in the market. Source: xStation

25 August 2026, 6:59 PM

Daily Summary: Wall Street catches breath on lower yields and oil; crypto and FX volatility drops (25.08.2026)

25 August 2026, 3:10 PM

Crude Oil Dips Below 90 USD 🛢️ 📉

25 August 2026, 12:53 PM

Market Wrap: Cautious rebound in Europe after the drop in oil prices

25 August 2026, 7:04 AM

Ecnomic Calendar: Key German Data and the US Housing Market

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