3:40 PM · 25 May 2022

BREAKING: Oil reserves fell less than expected!

Report from the US Department of Energy did not cause much movement. Crude and gasoline inventories fell less than expected. Distillate stocks were a positive surprise, beating market expectations.

• Oil inventories: -1.019 million barrels vs -2.129 million barrels expected (API: +0.56 million barrels)

• Gasoline inventories: -0.482 million barrels vs -1.641 million barrels expected (API: -4.23 million barrels)

• Distillate inventories: +1.657 million barrels vs +1.0 million barrels expected (API: -0.95 million barrels)

OIL.WTI remains steady after the DOE reserves report. Source: xStation 5

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Commodities

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