Oil inventories: -6.01 mb (forecast: -1.6 mb; prior: 3.04 mb)
Gasoline: -2.72 mb (forecast: -1,0 mb; prior: -0.79 mb)
Distillates: 2.24 mb (forecast: 0.4 mb; prior: 0.71 mb)
Stocks of crude oil, according to the EIA, fell much more sharply than expected. API data had suggested a stronger drop, but only by 2.4 million barrels. The private data also showed an increase in gasoline stocks by 1 million barrels, but the final EIA data showed a clear decline. Recently, we have observed a consolidation in stocks, but the current decline likely suggests increased demand in the final phase of the summer vacation period in the US. WTI crude oil broke temporarily through the resistance at today's daily highs, but it is still having trouble breaking above $62.5.
Daily Summary: Earnings Season Kicks Off on Wall Street Amid Mixed Sentiment
Market Wrap: European Stocks Rise as Banks Beat Earnings Expectations
🚩 US100 loses 0.7%
Morning Wrap: Tech Crash in Asia and Hawkish Central Banks in the Shadow of an Oil Shock (13.10.2026)