NewsSignals AI analysis·Reuters·
Grades rise as US crude, gasoline stocks fall
Grade Abullish AI signal$WTI$BRENT
U.S. crude and gasoline inventories fell last week, supporting gains in crude futures and lifting several U.S. crude grades as domestic supply tightened.
EIA data showed crude stocks dropped 3.06 million barrels to 412.5 million, well above expectations for an 820,000-barrel draw, while WTI futures rose 66 cents to $97.81 and Brent settled at $108.82.
Larger-than-expected inventory draws and Gulf Coast stocks at their lowest since January 2025 could support further crude price gains, though rising distillate inventories and higher Cushing stocks may temper the bullish outlook.
Bullish strength: 78/100
- Crude inventories fell 3.06 million barrels, versus expectations for an 820,000-barrel draw.
- U.S. gasoline inventories also declined.
- Gulf Coast inventories fell to their lowest level since January 2025.
- WTI futures rose 66 cents to $97.81 per barrel.
- Brent futures settled 3 cents higher at $108.82 per barrel.
Bearish strength: 22/100
- Distillate inventories increased.
- Crude stocks at the Cushing delivery hub rose 987,000 barrels.
- West Texas Sour crude fell 40 cents.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.