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Oil falls after much higher than expected EIA inventories report 📉

4:07 PM 12 October 2023

EIA report on US Crude Oil Inventories 

  • Crude Oil: 10,176 mln vs -1,4 mln exp. and -2,22 mln previously
  • Gasoline: -1,313 mln vs 1 mln exp and 6,48 mln previously
  • Distilates: -1,837 vs -1 mln exp. and -1,27 mln previously
  • Oil in Cushing (Oklahoma): -0,31 mln vs 0,132 mln previously

Crude stocks in Cushing fall in the latest week to lowest level since July 2022 but at the same time crude oil stocks increased to 10,176 mln vs expected fall to -1,4 mln from -2,22 mln a week ago.

Source: xStation5

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