10.09 – Weekly change in crude oil and distillate inventories (EIA)
- Crude oil inventories: -0.39 mn (Expected: -1.3 mn; Previous: -4.45 mn)
- Gasoline inventories: +1.27 mn (Expected: -1.3 mn; Previous: -1.17 mn)
- Distillate inventories: +2.09 mn (Expected: -0.2 mn; Previous: +0.8 mn)
The report’s takeaway can be assessed as moderately negative for inflation. A smaller-than-expected draw in crude was accompanied by a large increase in fuel inventories.
The EIA print surprised the market with exceptionally strong supply, which may be a consequence of the earlier price increase that is gradually starting to normalize on the supply side. Despite expensive crude and gasoline, inventories rose more than expected. This is not contradictory: high prices and margins encourage refineries to ramp up production, while expensive fuels can curb consumption. In that case, inventories begin to build.
- Refineries operated at 97.8% utilization, increasing distillate production to 5.3 million barrels per day.
- Despite the rebuild, distillate inventories remain 13% below the five-year average for this period.
๐กGold Rebounces Ahead of CPI
Chart of the Day ๐ฉ Gold at a Crossroads: Bull or Bear Market? (11.09.2026)
Economic calendar: Markets await the most important data: US CPI in focus ๐ณ
GBPUSD rises after UK GDP and industrial production data
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.