4:32 PM · 31 January 2024

BREAKING: OIL ticks higher after inventory data

US Department of Energy (DOE) released an official, weekly report on US oil inventories today at 3:30 pm GMT. Market expectations pointed to a small drop in oil and distillate inventories, as well as a build in gasoline inventories. However, API report released yesterday suggested much deeper drops in oil and distillate stockpiles as well as a smaller build in gasoline inventories.

Actual data released today showed an unexpected build in headline crude inventories, a smaller-than-expected build in gasoline inventories, as well as bigger-than-expected draw in distillate inventories. Overall, the report can be seen as somewhat bearish. However, market reaction does not reflect it, with oil ticking higher following the release.

Official report on US oil inventories

  • Oil inventories: +1.23 mb vs -0.2 mb expected (API: -2.5 mb)
  • Gasoline inventories: +1.16 mb vs +1.5 mb expected (API: +0.6 mb)
  • Distillate inventories: -2.54 mb vs -0.5 mb expected (API: -2.1 mb)

Source: xStation5

21 May 2026, 6:53 PM

Daily summary: Peace agreement draft lifts the market

21 May 2026, 5:18 PM

Oil keeps rising: is there reason to worry?

21 May 2026, 2:54 PM

BREAKING: Mixed PMI from US

21 May 2026, 9:48 AM

Coffee hits November 2024 lows as Brazil heads for record harvest 📉

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