U.S. oil prices up after sharp drop in fuel stocks

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.

• Sep 28, 2022Oil prices rise on surprise drop in U.S. crude, fuel stocks+10.1%
• Sep 9, 2026US EIA hikes oil price forecasts as Iran war drains global stockpile By Reuters+13.7%
• Feb 26, 2025US crude stockpiles fall as refining picks up, fuel inventories build, EIA says | Reuters-1.0%
• Aug 22, 2018Oil surges after data shows steep drop in US crude inventories+1.8%
• Jul 21, 2021Oil climbs over 4% despite rise in U.S. inventories | Reuters+6.4%

After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.

• Sep 28, 2022Oil prices rise on surprise drop in U.S. crude, fuel stocks+10.2%
• Oct 25, 2018US crude stocks rise as fuel inventories draw down+0.5%
• Feb 2, 2023U.S. diesel stocks start the year critically low | Reuters-2.7%
• Sep 23, 2024After 10 straight weeks of declines, DOE/EIA diesel price up slightly - FreightWaves-1.4%
• Oct 28, 2026US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters-4.2%