US Weekly Private Inventory Data (bbls): Crude +3.7mln (exp. -1.6mln), Distillate -0.6mln (exp. -0.9mln), Gasoline -4.0mln (exp. -1.4mln), Cushing -0.6mln

The latest US weekly inventory data shows a significant build in crude oil stocks, rising by 3.7 million barrels against expectations for a decline.

Newsquawk StaffPublished 7 Apr 2026, 20:57 UTCOn the live feed at 20:37 UTC — 5 more headlines followed before this page went public

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20:43

Iran's aluminium company, IRALCO in Arak, which is the country's largest aluminium producer, has been hit in an airstrike

20:39

Several explosions heard in Tehran and Karaj, according to Al Hadath

20:37

US Weekly Private Inventory Data (bbls): Crude +3.7mln (exp. -1.6mln), Distillate -0.6mln (exp. -0.9mln), Gasoline -4.0mln (exp. -1.4mln), Cushing -0.6mln

20:28

Newsquawk US Market Wrap: Markets chop on geopolitical headlines as Trump 20:00EDT deadline awaits

20:26

Iran's top joint military command says it will deal with infrastructure of US and its allies in the region in a way that will deprive them from the region's oil and gas for years

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Context

This unexpected increase in crude could pressure WTI prices, especially as gasoline stocks also reported a larger drop than anticipated, which juxtaposes the crude build and may impact refinery margins. Overall, the mixed data suggests some volatility in oil markets as traders assess supply dynamics alongside demand signals.

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