NewsSignalsAI analysis·Dow Jones Newswires·
U.S. Crude-Oil Stockpiles Post Unexpected Weekly Build
Grade Bbearish AI signal$WTI
U.S. crude inventories unexpectedly surged by 4.7 million barrels last week, ending five consecutive weeks of declines and signaling a stronger-than-expected supply build.
The increase sharply exceeded analyst expectations for a 700,000-barrel draw, while gasoline stocks rose 1.8 million barrels and distillate inventories climbed 4.1 million barrels.
The broader inventory build, combined with weaker fuel demand and higher imports, could increase near-term bearish pressure on crude oil prices.
Bullish strength: 20/100
- Crude inventories remained about 4% below the five-year seasonal average.
- Distillate inventories remained 8% below the five-year seasonal average.
- Refinery utilization increased to 95.2% of capacity.
Bearish strength: 80/100
- Crude inventories increased by 4.7 million barrels versus expectations for a 700,000-barrel decline.
- The five-week streak of crude inventory withdrawals ended.
- Gasoline inventories increased by 1.8 million barrels.
- Distillate inventories increased by 4.1 million barrels versus expectations for a 1.2-million-barrel draw.
- Gasoline demand slipped by 41,000 barrels per day.
- Distillate demand dropped by 1 million barrels per day.
- Crude imports increased while exports declined.
This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.