Private inventory data (bbls): Crude +11.4mln (exp. +1.5mln), Distillate -2.8mln (exp. -1.6mln), Gasoline -1.5mln (exp. -0.6mln), Cushing +1.8mln

The private inventory data indicates a significant build in crude oil stocks, far exceeding expectations, which suggests weaker demand or excess supply in the face of potential market tightness.

Newsquawk StaffPublished 24 Feb 2026, 21:54 UTCOn the live feed at 21:34 UTC — 1 more headline followed before this page went public

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22:00

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21:34

Private inventory data (bbls): Crude +11.4mln (exp. +1.5mln), Distillate -2.8mln (exp. -1.6mln), Gasoline -1.5mln (exp. -0.6mln), Cushing +1.8mln

21:30

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Context

The drops in distillates and gasoline are somewhat supportive for prices, but the overwhelming crude build could weigh on sentiment and influence near-term pricing dynamics for WTI and Brent.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

Brent (X6) futures rose shortly after the headline, in turn weighing on the bond complex.

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/2 Sept · 11:13 UTC

Saudi Foreign Ministry says it has urged all parties to remain calm, halt escalations and respect international law and return to negotiations

WTI crude, after we published−0.6%

ENERGY/31 Aug · 14:29 UTC

US Treasury Secretary Bessent says oil prices will come down, CNBC Interview; says Trump has been saying Iran is not ready to make a deal

Brent prices, after we published−0.6%

ENERGY/25 Aug · 09:36 UTC

US is reportedly mulling returning diplomats to Middle Eastern embassies as soon as this week, NYT reports; "suggesting that the Trump administration does not anticipate a return to all-out hostilities"

Brent crude, after we published−0.5%

ENERGY/25 Aug · 08:24 UTC

Pakistani Army Chief Munir conveyed an offer to Iran, from the US, to halt the siege and lift sanctions under the MOU, in exchange for opening the Strait of Hormuz and stopping proxy attacks, Al Arabiya/Al Hadath sources report

Brent crude, after we published−0.5%

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