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US crude stockpiles fell unexpectedly last week as refinery activity ticked higher. Gasoline and distillate inventories posted surprise builds, according to the EIA.
Crude draws support oil prices, which feed into diesel and freight costs. Distillate builds weigh on diesel prices, partly offsetting the crude signal.
reuters.comLiz HamptonFeb 26, 2025After 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.
After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
