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

> Oil prices dipped on Thursday after EIA data showed US crude inventories rose 4.9 million barrels to 446.91 million, their highest since December. Talk of an OPEC output cut limited the losses.

- Date: 2018-11-22 · published 2018-11-22T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10582-oil-falls-on-rising-u-s-inventories-opec-talk-of-cut-limits-loss
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A larger-than-expected build in US crude stocks signals a global glut, which pressures crude and related energy prices. OPEC cut expectations provide partial offset.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2018-11-23 | 5 | -11.6% | -3.3 | Larger-than-expected US crude inventory build on Nov 22 signaled oversupply, pressuring prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-05-18 | [CORRECTED-UPDATE 1-Oil drops on rising US crude inventories, defies expected supply cut extension](https://feedsoft.ai/events/70932-corrected-update-1-oil-drops-on-rising-us-crude-inventories-defies-expected.md) | +4.2% | -9.3% |
| WTI | 2023-02-24 | [U.S. crude oil inventories rose as utilization drops](https://feedsoft.ai/events/37510-u-s-crude-oil-inventories-rose-as-utilization-drops.md) | +3.7% | -7.3% |
| WTI | 2018-02-07 | [Oil hits one-month low after U.S. inventory build](https://feedsoft.ai/events/11359-oil-hits-one-month-low-after-u-s-inventory-build.md) | -6.6% | -3.7% |
| WTI | 2020-04-01 | [Oil falls on oversupply fears and US inventory growth](https://feedsoft.ai/events/53815-oil-falls-on-oversupply-fears-and-us-inventory-growth.md) | +15.0% | -6.8% |
| WTI | 2018-10-11 | [OPEC hikes oil output in September as Iran's production falls](https://feedsoft.ai/events/62459-opec-hikes-oil-output-in-september-as-iran-s-production-falls.md) | -4.8% | -15.7% |
| BRENT | 2017-05-18 | [CORRECTED-UPDATE 1-Oil drops on rising US crude inventories, defies expected supply cut extension](https://feedsoft.ai/events/70932-corrected-update-1-oil-drops-on-rising-us-crude-inventories-defies-expected.md) | +3.2% | -11.1% |
| BRENT | 2018-02-07 | [Oil hits one-month low after U.S. inventory build](https://feedsoft.ai/events/11359-oil-hits-one-month-low-after-u-s-inventory-build.md) | -6.7% | -1.6% |
| BRENT | 2020-04-01 | [Oil falls on oversupply fears and US inventory growth](https://feedsoft.ai/events/53815-oil-falls-on-oversupply-fears-and-us-inventory-growth.md) | +44.4% | +9.2% |

## Sources

- reuters.com: https://www.reuters.com/article/us-global-oil/oil-dips-as-u-s-crude-stockpiles-swell-possible-opec-cuts-prevent-bigger-slide-idUSKCN1NR02U/?feedName=businessNews&feedType=RSS

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.