BREAKING: US crude stocks rise unexpectedly

3:36 PM November 24, 2021

Report from the US Department of Energy caused some moves on the oil market. Crude inventories increased unexpectedlywhile gasoline stockpiles dropped more than expected. 

• Oil inventories: + 1.017million barrels vs -0.481 million barrels expected 

• Gasoline inventories: -0.603 million barrels vs -0.461 million barrels expected 

• Distillate inventories: -1.968 million barrels vs -1.002 million barrels expected

• Oil inventories at Cushing, Oklahoma: +0.787million barrels vs 0.216 million barrels previously

WTI Crude Oil (OIL.WTI) price rose after the release of today's EIA report  and is testing the 200 SMA (red line). Source:xStation5   

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