NewsSignals
NewsSignals AI analysis·Reuters·

US crude and gasoline stocks fall, distillates rise, EIA says

Grade Bbullish AI signal$WTI
US crude inventories fell by 3.06 million barrels and gasoline stocks dropped by 2.95 million barrels, both exceeding analysts' expected draws, according to the EIA. Crude stocks declined to 412.5 million barrels, while distillate inventories unexpectedly rose by 1.68 million barrels to 104.3 million barrels against forecasts for a decline. The larger crude and gasoline draws could support oil prices, but the surprise distillate build and rising Cushing inventories may temper the bullish impact.

Bullish strength: 60/100

  • Crude inventories fell 3.06 million barrels versus expectations for an 820,000-barrel draw.
  • Gasoline stocks declined 2.95 million barrels versus expectations for a 443,000-barrel draw.

Bearish strength: 40/100

  • Distillate inventories rose 1.68 million barrels despite expectations for a 1.16 million-barrel draw.
  • Cushing crude inventories increased by 987,000 barrels.
  • Net US crude imports rose by 837,000 barrels per day.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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