US Private Inventory Data (bbls): Crude -2.8mln (exp. +0.5mln), Distillate +4.9mln (exp. +2.1mln), Gasoline +4.4mln (exp. +3.2mln), Cushing +0.7mln

The recent US private inventory data indicates a significant crude oil draw of 2.8 million barrels, contrasting sharply with expectations for a build of 0.5 million barrels.

Newsquawk StaffNewswiresPublished 6 Jan 2026, 22:04 UTCOn the live feed at 21:44 UTC — 3 more headlines followed before this page went public

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21:55

Elon Musk’s xAI raised USD 20bln in a funding round that doubled its valuation, according to FT

21:53

US Secretary of State Rubio told lawmakers that US President Trump aims to buy Greenland, and downplayed military action, according to WSJ

21:44

US Private Inventory Data (bbls): Crude -2.8mln (exp. +0.5mln), Distillate +4.9mln (exp. +2.1mln), Gasoline +4.4mln (exp. +3.2mln), Cushing +0.7mln

21:43

Several oil storage tanks are on fire in Russia's Belgorod region after a Ukrainian drone attack, according to the regional governor

21:18

MSCI not to exclude Digital Asset Treasury Cos (DATs) from indices and DATs currently included to remain in indices

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Context

This unexpected draw, alongside larger increases in distillate and gasoline inventories, suggests tight supply in crude while demand signals remain relatively robust, potentially impacting WTI and Brent prices positively.

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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