US EIA Crude Oil Stocks Change (Mar/13) 6.156M vs exp. -0.58M (prev. 3.824M)
The latest US EIA crude oil stock data revealed a much larger than expected build, with stocks increasing by 6.156 million barrels compared to the anticipated decline of 0.58 million.
Newsquawk European Market Wrap - 18th March 2026
BoC Governor Macklem says they will take decisions one meeting at a time
US EIA Crude Oil Stocks Change (Mar/13) 6.156M vs exp. -0.58M (prev. 3.824M)
Brazil's Transport Minister announces steps to enforce minimum freight rates for truckers
Citi forecasts Brent between USD 110-120/bbl in the coming days due to conflict-driven supply disruptions; USD 150-200/bbl could be hit if Iran targets more energy infrastructure or if Hormuz stays closed
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This substantial gain in inventories could indicate weaker demand or oversupply concerns, potentially weighing on oil prices and influencing market expectations for energy sectors and inflation dynamics.
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