2:32 PM · 3 April 2024

BREAKING: OIL pulls back from $90 area after US inventory data

US Department of Energy issued a weekly report on US oil inventories today at 3:30 pm BST. Report was expected to show declines in oil, gas and distillate inventories, but not as big as hinted by private API report yesterday in the evening.

Official report turned out to be mixed. While gasoline and distillate inventories dropped more than expected, the headline crude inventories show an unexpected, and quite big, increase. Build in oil inventories seem to outweigh drops in gasoline and distillate stockpiles, causing Brent (OIL) pulled back from the $90 area following the release.

DOE report on US oil inventories

  • Oil inventories: +3.21 mb vs -1.5 mb expected (API: -2.29 mb)
  • Gasoline inventories: -4.26 mb vs -0.8 mb expected (API: -1.42 mb)
  • Distillate inventories: -1.27 mb vs -0.5 mb expected (API: -2.55 mb)

Source: xStation5

3 November 2026, 7:19 PM

Daily Summary: Chips lift Wall Street on Election Day, oil drops amid progress in negotiations (03.11.2026)

2 November 2026, 6:40 AM

Economic Calendar - Global series of industrial PMI indicators and tech giants' results

2 November 2026, 6:21 AM

📊Morning Wrap: Oil falls after Qatar talks. China injects liquidity, while the US prepares for elections.

30 October 2026, 3:33 PM

Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?

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