3:32 PM · 20 September 2023

BREAKING: Oil ticks lower after EIA report

US Energy Information Administration (EIA) released a weekly report on the US oil inventories at 3:30 pm BST today. Private API report released yesterday showed a crude inventory drop that was twice as big as market expected, as well as an unexpected build in gasoline stockpiles. 

Actual report showed a crude inventory draw that was slightly smaller than expected as well as big drops in gasoline and distillate inventories. Oil moved slightly lower following the release but scale of the move was very small - less than 0.3% in the first minute after the release.

EIA report on US oil inventories

  • Oil inventories: -2.14 mb vs -2.5 mb expected (API: -5.25 mb)
  • Gasoline inventories: -0.83 mb vs -0.2 mb expected (API: +0.73 mb)
  • Distillate inventories: -2.87 mb vs -0.5 mb expected (API: -0.26 mb)

Source: xStation5

24 June 2026, 6:33 PM

Daily Summary- Wall Street Holds Firm While Commodities Plunge on Hawkish Fed

24 June 2026, 4:46 PM

Super El Niño Strikes: How to Secure Your Portfolio and Profit from Global Climate Changes?

24 June 2026, 4:41 PM

🟡Gold tests $4,000

24 June 2026, 4:06 PM

BREAKING: Oil inventories continue to fall, and the WTI price dives the lowest since March

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