⛽ OIL.WTI plunges 4%!

From a fundamental point of view, DOE report released earlier today should be positive for oil prices. Inventories dropped by more than 3 million barrels, a week after a big almost-8 million barrel build. On the other hand, the overall level of inventories is in-line with 5-year average and inventories have increased by more than 40 million barrels year-to-date. On top of that, we are also observing a small increase in inventories of oil-derivative products. Decline in oil inventories has been partially driven by relatively low oil imports.

As one can see, DOE report looks to be positive for oil prices. However, we have also seen some hawkish moves from central banks - rate hikes from SNB, Norges Bank, Bank of England and CBRT. BoE surprised with a bigger-than-expected hike while Powell struck a somewhat more hawkish note during today's testimonies in US Congress than he did yesterday, hinting at two more rate hikes this year. In turn, we can observe strengthening of the US dollar which puts pressure on commodity prices. Not to mention that more hawkish central banks increase risk of recession.

OIL.WTI is pulling back around 4% today in response to mixed DOE report and hawkish actions of central banks. Source: xStation5

21 September 2026, 6:59 AM

Morning briefing: Trump-Xi in the shadow of geopolitical tensions (21.09.2026)

18 September 2026, 12:17 PM

Cocoa falls as African harvests rise and ICE inventories approach a two-year high

18 September 2026, 12:11 PM

Market warp: Rate Forecasts and Semiconductors in the Spotlight

18 September 2026, 10:41 AM

📈 Gold gains 1% and erases post-Fed losses. Are metals returning to growth

Commodities

Prefer XTB on Google

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days