Crude Oil Inventory Change: +1.7 million barrels (expected: +1.0 million barrels; previous: +1.4 million barrels)
Gasoline Inventory Change: -0.53 million barrels (expected: -2.3 million barrels; previous: -5.74 million barrels)
Distillate Inventory Change: -2.81 million barrels (expected: -0.3 million barrels; previous: -1.56 million barrels)
The report is rather negative, indicating further inventory build-up and limited fuel demand. However, oil is gaining after the report and attempting to test the $67 per barrel level.
Daily summary: The US celebrates Independence Day, Europe rebounds
Three Markets to Watch Next Week: OIL, US100, NZDUSD (03.07.2026)
Morning Wrap: Asia in the green – is optimism returning to the markets? (03.07.2026)
Daily summary: Gold surges 2%, Nasdaq drags down sentiments on Wall Street