US EIA Cushing Crude Oil Stocks Change (Jan/02) 0.728 (Prev. 0.543)

The increase in Cushing crude oil stocks from 0.543M to 0.728M signifies a build in inventory, which may suggest softer demand or an oversupply in the market.

Newsquawk StaffPublished 7 Jan 2026, 15:50 UTCOn the live feed at 15:30 UTC — 1 more headline followed before this page went public

Newsquawk headlinesUTC

16:00

Newsquawk Daily Economic Releases - 8th January 2026

15:41

China reportedly tells tech companies to halt NVIDIA (NVDA) H200 chip orders, via The Information; officials may order domestic AI chip purchases with NVIDIA orders

15:30

US EIA Cushing Crude Oil Stocks Change (Jan/02) 0.728 (Prev. 0.543)

15:20

[MARKET UPDATE] Hawkish reaction following the US ISM Services figure where the headline topped expectations; session high for DXY (98.64) whilst USTs are eyeing session lows; US equity futures also pressured across the board, RTY -0.9%

15:15

EIA Expectations: Crude 1.1M, Distillate 2.2M, Gasoline 2.9M

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Context

This could weigh on crude prices, particularly WTI, if the trend continues, impacting inflation expectations and the broader energy narrative.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 19:50 UTC

Iran launched an attack against US Navy ships on Monday that the US military has yet to acknowledge, WSJ reports, citing US officials.

Brent crude, after we published+0.8%

Immediate upside seen in oil following these reports.

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

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%

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%

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