BREAKING: US Crude Stocks fall less than expected

4:36 PM 5 January 2022

Report from the US Department of Energy failed to trigger big moves on the oil market. Crude inventories fell less than expected while gasoline stockpiles increased significantly. There was also a surprise in distillate inventories data as it showed a big build.

• Oil inventories: - 2.144 million barrels vs -3.283 million barrels expected (API: -0.643 million barrels)

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• Gasoline inventories: +10.128 million barrels vs +1.775 million barrels expected (API: +7.06 million barrels)

• Distillate inventories: + 4.418million barrels vs +1.525 million barrels expected (API: +4.38 million barrels)

• Oil inventories at Cushing, Oklahoma: +2.577 million barrels vs 1.055 million barrels previously

The publication of today's report did not have a significant impact on the oil prices. WTI Oil (OIL.WTI) continues to trade around the $77.80 level. Source: xStation5

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