U.S. crude inventories fall as demand hits highest since March 2020 - EIA

After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.

• Oct 28, 2026US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters-2.1%
• Feb 26, 2025US crude stockpiles fall as refining picks up, fuel inventories build, EIA says | Reuters-1.0%
• Dec 30, 2024EIA: U.S. crude stocks fall on strong refining demand+4.2%
• Jul 21, 2021Oil climbs over 4% despite rise in U.S. inventories | Reuters+6.4%
• Aug 1, 2023EIA forecasts crude oil prices will increase through 2024 as demand rises above supply+0.2%

After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.

• Oct 28, 2026US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters-4.7%
• Dec 30, 2024EIA: U.S. crude stocks fall on strong refining demand+3.8%
• Jul 21, 2021Oil climbs over 4% despite rise in U.S. inventories | Reuters+7.2%
• Aug 1, 2023EIA forecasts crude oil prices will increase through 2024 as demand rises above supply+0.6%
• Apr 19, 2022EIA expects summer U.S. real gasoline and diesel prices to be the highest since 2014 - U.S. Energy Information Administration (EIA)-10.0%