EIA: U.S. crude stockpiles rise, products draw on low refining rates

After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.

• Aug 23, 2023US crude stockpiles fall as refining runs hit 2020 high - EIA | Reuters+1.1%
• Oct 25, 2018US crude stocks rise as fuel inventories draw down-2.0%
• Jan 8, 2025US crude stocks at Cushing fall to decade-low, fuel inventories surge, EIA says+4.3%
• Sep 30, 2020U.S. crude, distillate stocks down in most recent week: EIA | 104.5 & 96.1 The Point+3.7%
• Sep 21, 2017Changing quality mix is affecting crude oil price differentials and refining decisions - U.S. Energy Information Administration (EIA)+3.6%

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.

• Nov 22, 2023US crude stockpiles jump, distillates draw down to 18-mth low - EIA | Reuters-1.0%
• Sep 28, 2022Oil prices rise on surprise drop in U.S. crude, fuel stocks+10.2%
• Jun 30, 2021Oil rises on lower U.S. stockpiles, demand recovery - Markets - Business Recorder-1.8%
• Oct 25, 2018US crude stocks rise as fuel inventories draw down+0.5%
• Oct 28, 2026US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters-4.2%