US Private Inventory Data (bbls): Crude -2.2mln (exp. -2.3mln), Distillates -0.3mln (exp. -1.3mln), Gasoline +0.5mln (exp. -2.5mln), Cushing -1.8mln

The US private inventory data shows a slight draw in crude oil inventories at -2.2 million barrels, which is in line with expectations, suggesting stable demand.

Newsquawk StaffPublished 12 May 2026, 20:54 UTCOn the live feed at 20:34 UTC — 3 more headlines followed before this page went public

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20:53

US President Trump and UAE's President discussed strategic partnership and assessed Middle East developments in a phone call, according to Emirati News Agency

20:50

India, Japan and most European nations joined the Hormuz Strait draft resolution, while 112 countries back the resolution, according to Al Jazeera

20:34

US Private Inventory Data (bbls): Crude -2.2mln (exp. -2.3mln), Distillates -0.3mln (exp. -1.3mln), Gasoline +0.5mln (exp. -2.5mln), Cushing -1.8mln

20:33

UK government appoints loyalists to fill gaps filled by government resignations, via UK press

20:24

US President Trump says when the fake news says that the Iranian enemy is doing well, militarily, against us, it’s virtual treason in that it is such a false, and even preposterous, statement

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Context

However, the unexpected increase in gasoline inventories at +0.5 million against an expected draw could signal softer consumption rates, potentially putting downward pressure on prices. The implications for energy markets may center around adjusting supply outlooks, influencing both WTI and Brent crude benchmarks.

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