Read more
3:40 PM · 20 November 2019

Breaking: Oil recovery aided by smaller inventory build

-
-
Open account Download free app

There’s been a further recovery in the Oil price after the weekly crude oil inventories with a smaller than expected rise sending the market up to its highest level of the day.  

 

The breakdown of the data was as follows:

 
  • Crude Oil inventories: +1.4M vs +1.5M exp. +2.2M prior (API: +6.0M)

  • Gasoline: +1.8M vs +0.8M exp. +1.9M prior

  • Distillates: -1.0M vs -1.0M exp. -2.5M prior

  • US production: 12.8M bpd - unchanged

 

While the headline build was pretty much in keeping with the expected and prior, it is significantly less than last night’s API reading and this has likely caused the move higher in the immediate reaction. The other components of the report could be described as fairly mixed.

Oil has moved back above the $61 handle after the release with the market up 160 ticks from the overnight lows and filling the gap down. Source: xStation

13 February 2026, 6:54 AM

Morning Wrap: Global sell-off in the technology sector (13.02.2026)

12 February 2026, 7:03 PM

Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure

12 February 2026, 4:41 PM

🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause

12 February 2026, 4:19 PM

Cocoa falls 2.5% to the lowest level since October 2023 📉

Join over 2 000 000 XTB Group Clients from around the world
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