US EIA Cushing Crude Oil Stocks Change (Apr/24) -0.796M

The U.S.

Newsquawk StaffPublished 29 Apr 2026, 14:50 UTCOn the live feed at 14:30 UTC — 4 more headlines followed before this page went public

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14:46

Iranian Steel Top Official says the transfer of Mubarake steel to the south of the country is unprofessional, IRNA reports

14:43

BoC Governor Macklem says if energy prices stay higher for longer, there could well be a need to raise the policy rate - Post-meeting press conference

14:30

US EIA Cushing Crude Oil Stocks Change (Apr/24) -0.796M

14:28

Top Iranian official tells Press TV Iran succeeds in rendering all options on US table ineffective, Press TV reports

14:25

French PM says TotalEnergies (TTE FP) has to redistribute exceptional profits

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Context

EIA report indicates a significant decline in Cushing crude oil stocks, dropping by nearly 800k barrels. This reduction suggests tighter supplies in a key storage hub, which could lead to upward pressure on WTI prices if the trend continues. Market participants should monitor demand signals, as sustained inventory draws could reinforce bullish sentiment in the crude oil market.

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