US EIA Cushing Crude Oil Stocks Change (Mar/27) 0.520M (Prev. 3.421M)

The significant drop in Cushing crude oil stocks, from 3.421 million barrels to 0.520 million, indicates a tightening in supply that could support higher oil prices.

Newsquawk StaffPublished 1 Apr 2026, 14:50 UTCOn the live feed at 14:30 UTC — 6 more headlines followed before this page went public

Newsquawk headlinesUTC

14:39

US VP Vance has reportedly been speaking with intermediaries about the Iran conflict as recently as Tuesday, Reuters sources say

14:36

[MARKET UPDATE] Crude prices see upticks in recent trade despite a lack of fresh factors, although the Iranian Foreign Ministry spokesperson recently rebuffed Trump's claims of Iran's ceasefire request

14:30

US EIA Cushing Crude Oil Stocks Change (Mar/27) 0.520M (Prev. 3.421M)

14:20

Fed’s Musalem says he has lowered the probability of the baseline scenario and increased the likelihood of alternative scenarios; US economy was already overheated during the 2022 oil price shock and did not overheat now

14:15

EIA Expectations: Crude 2.0M, Distillate -1.1M, Gasoline -1.9M

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Context

This change may reflect stronger demand or production cuts, and is likely to influence WTI and Brent benchmarks as traders reassess their forecasts and positions based on this data.

Energy · last 90 days

Recent headlines that moved markets

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%

Steady upside of around 1% was seen across the crude complex following this update.

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%

ENERGY/7 Sept · 10:54 UTC

Saudi Aramco Jizan oil facilities were reportedly hit in new strikes, the FT reports citing sources; hit on Monday, damage is being assessed.

Brent Nov'26, after we published+0.5%

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