Oil falls on rising U.S. inventories, OPEC talk of cut limits loss

After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.

• May 18, 2017CORRECTED-UPDATE 1-Oil drops on rising US crude inventories, defies expected supply cut extension+4.2%
• Feb 24, 2023U.S. crude oil inventories rose as utilization drops+3.7%
• Feb 7, 2018Oil hits one-month low after U.S. inventory build-6.6%
• Apr 1, 2020Oil falls on oversupply fears and US inventory growth+15.0%
• Oct 11, 2018OPEC hikes oil output in September as Iran's production falls-4.8%

After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.

• May 18, 2017CORRECTED-UPDATE 1-Oil drops on rising US crude inventories, defies expected supply cut extension+3.2%
• Feb 7, 2018Oil hits one-month low after U.S. inventory build-6.7%
• Apr 1, 2020Oil falls on oversupply fears and US inventory growth+44.4%
• Oct 11, 2018OPEC hikes oil output in September as Iran's production falls-4.2%
• Oct 1, 2018OPEC oil output boost in September limited by Iran losses: Reuters survey+2.3%