3:34 PM · 21 September 2022

BREAKING: Oil sees little reaction to weekly DOE report

The US Department of Energy released a weekly report on US oil inventories today at 3:30 pm BST. Report largely confirmed estimates released by API yesterday, especially when it comes to oil and distillate inventories. Gasoline inventories data came much lower than 3.2 million barrel build signaled by API but still much above initial expectations of 1.1 million barrel drop.

  • Oil inventories: +1.14 mb vs +2.3 mb expected (API: +1.035 mb)

  • Gasoline inventories: +1.57 mb vs -1.1 mb (API: +3.225 mb)

  • Distillate inventories: +1.23 mb vs -0.6 mb (API: +1.538 mb)

Oil jumped earlier today after Russian President Putin announced a 'partial military mobilization'. However, this jump was almost fully erased even before the release of the weekly report on US oil inventories. As we have said already in the introduction, report largely confirmed yesterday's API print and therefore crude prices barely saw any reaction to the release. Brent trades near $91 per barrel while WTI trades slightly near $84 per barrel.

Brent (OIL) saw little reaction to DOE report releases and continues to trade near $91 per barrel. Source: xStation5

9 October 2026, 6:52 PM

Three Markets to Watch Next Week (09.10.2026)

9 October 2026, 6:50 PM

Daily Summary: A Shallow Rebound Ahead of Earnings Season

9 October 2026, 5:19 PM

Strong rise in natural gas prices 📈🚨

9 October 2026, 3:04 PM

US OPEN: Trump de-escalates, OpenAI supports Wall Street sentiment

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