US EIA Distillate Stocks Change (Feb/13) -4.566 vs. Exp. -1.4 (Prev. -2.703)
Newsquawk Staff ·
US EIA Distillate Stocks Change (Feb/13) -4.566 vs. Exp. -1.4 (Prev. -2.703)
What it means
The larger-than-expected draw in US EIA distillate stocks indicates a tighter supply than anticipated, which could support higher prices for distillates moving forward. This unexpected decline, compared to both projections and the prior week’s figures, suggests strong underlying demand or constrained production that may impact the overall energy market dynamics and inflation outlook.
- US EIA Heating Oil Stocks Change (Oct/23) 0.164M (Prev. 0.652M)
- US EIA Crude Oil Imports Change (Oct/23) -0.796M (Prev. 0.837M)
- US EIA Distillate Stocks Change (Oct/23) -1.462M vs. Exp. -0.9M (Prev. 1.675M)
- EIA Cushing Crude Oil Stocks Change (Oct/23) -0.624M (Prev. 0.987M)
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