NewsSignals AI analysis·Reuters·Oct 28, 2026

US crude stocks and distillate inventories fall, gasoline stocks rise, the EIA says

Grade Bbullish AI signal$WTI$BRENT

US crude inventories fell by 1.9 million barrels last week to 410.6 million, sharply beating expectations for a 15,000-barrel increase, according to the EIA. Distillate stocks dropped by 1.5 million barrels, while gasoline inventories unexpectedly climbed by 3.9 million barrels to 209.2 million; Brent traded at $115.55 and WTI at $102.34, both higher. The larger-than-expected crude draw and falling distillate inventories could support oil prices, while rising gasoline stocks and lower refinery utilization may limit further gains.

Bullish strength: 70/100

Crude inventories fell by 1.9 million barrels versus expectations for a 15,000-barrel increase.
Distillate inventories declined by 1.5 million barrels, exceeding expectations for a 0.9 million-barrel draw.
Net US crude imports fell by 796,000 barrels per day.
Brent and WTI futures were trading higher following the report.

Bearish strength: 30/100

Gasoline inventories rose by 3.9 million barrels versus expectations for a 0.9 million-barrel draw.
Refinery crude runs fell by 123,000 barrels per day.
Refinery utilization declined by 0.6 percentage points to 92.8%.

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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