Read more
4:32 PM · 6 March 2024

BREAKING: WTI tests $80 after DOE data

US Department of Energy issued an official, weekly report on US oil inventories today at 3:30 pm GMT. Report was expected to show a build in headline crude inventories as well as declines in gasoline and distillate stockpiles. API report released yesterday in the evening suggested a small build in oil inventories, as well as bigger-than-expected drop in gasoline and distillate stockpiles.

Actual report showed a smaller-than-expected build in headline crude inventories, but bigger than suggested by API. Meanwhile, gasoline and distillate inventories slumped much more than expected and then hinted by API yesterday. A big drops in gasoline and distillate stockpiles seem to outweight build in crude inventories, with oil moving higher following release of the report. WTI (OIL.WTI) is testing $80 per barrel area at press time.

DOE report on US oil inventories

  • Oil inventories: +1.37 mb vs +2.1 mb expected (API: +0.42 mb)
  • Gasoline inventories: -4.46 mb vs -1.6 mb expected (API: -2.8 mb)
  • Distillate inventories: -4.13 mb vs -0.7 mb expected (API: -1.8 mb)

Source: xStation5

4 May 2026, 6:39 PM

Daily summary: Conflict escalates again - indices down, oil up

4 May 2026, 5:29 PM

Iran Breaks Ceasefire🚨Indices Under Pressure

4 May 2026, 11:29 AM

BREAKING: Iran attacks US ships? Oil prices surge

4 May 2026, 10:17 AM

💶Eurozone Industry: A Fragile Recovery Masking Stagflationary Risks

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