5:01 PM · 10 February 2021

Oil moves higher after EIA data

The price of crude oil rose after the publication of today's EIA report. Crude oil stocks fell more than expected, while gasoline stocks increased and distillate stocks shrank slightly. Crude oil prices rose shortly after the publication.

Crude oil stock change: -6.6 million barrels

Expectations: -0.2 million

Previously: -10 million

Gasoline: 4.2m

Expectations: 1.9 million

Previously: 4.5 million

Distillates: -1.7 million

Expectations: -1.5 million

Previously: -0.0 million

OIL.WTI interval M30. Source: xStation5

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Losses can exceed deposits

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