US EIA Distillate Stocks Change (Jan/23) 0.329M vs. Exp. -0.55M (Prev. 3.348M)
Newsquawk Staff ·
US EIA Distillate Stocks Change (Jan/23) 0.329M vs. Exp. -0.55M (Prev. 3.348M)
What it means
The US EIA reported a rise in distillate stocks, increasing by 0.329 million barrels, contrasting with expectations of a decline of 0.55 million barrels. This unexpected build suggests stronger supply than anticipated, which could weigh on oil prices and impact broader inflation expectations.
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