Oil news

EIA Expectations: Crude 0.952M, Distillate -1.46M, Gasoline -1.10M

Newsquawk Staff ·

  • Crude: 0.952M, prev. -3.455M (Private +13.4M)
  • Distillate: -1.46M, prev. -5.553M (Private -2.0M)
  • Gasoline: -1.10M, prev. -0.565M (Private +3.30M)
  • Cushing: prev. -0.743M (Private +1.40M)
  • Refining: 0.2%, prev. -0.4%
  • Production: prev. 13.215M

What it means

Today's EIA expectations for crude, distillate, and gasoline inventories suggest a modest increase in crude stocks, contrasting sharply with the previous larger draw. The larger than expected builds or smaller draws across these categories could indicate softening demand or overproduction, which may weigh on prices, particularly WTI and Brent. Additionally, if actual figures deviate significantly from these expectations, it could trigger further volatility in energy markets.

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