# US oil stockpiles rise more than forecast, distillates build to Sept 2021 high -EIA | Reuters

> US oil stockpiles rose more than forecast, and distillate inventories built to their highest level since September 2021. Ultra-low sulfur diesel stocks rose about 7.2 million barrels to 124.3 million barrels.

- Date: 2024-01-10 · published 2024-01-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/32307-us-oil-stockpiles-rise-more-than-forecast-distillates-build-to-sept-2021-high
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Large crude and distillate builds weigh on WTI and diesel prices, which lowers fuel and freight costs for feed supply chains.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-11-22 | [U.S. crude stockpiles rise more than forecast in ninth weekly build - EIA](https://feedsoft.ai/events/10265-u-s-crude-stockpiles-rise-more-than-forecast-in-ninth-weekly-build-eia.md) | -5.6% | -16.1% |
| WTI | 2023-11-22 | [US crude stockpiles jump, distillates draw down to 18-mth low - EIA \| Reuters](https://feedsoft.ai/events/33338-us-crude-stockpiles-jump-distillates-draw-down-to-18-mth-low-eia-reuters.md) | -0.6% | -5.3% |
| WTI | 2024-12-11 | [OPEC makes fifth and biggest cut to 2024 oil demand growth forecast \| Reuters](https://feedsoft.ai/events/27123-opec-makes-fifth-and-biggest-cut-to-2024-oil-demand-growth-forecast-reuters.md) | +2.1% | +7.6% |
| WTI | 2025-12-11 | [IEA lowers 2026 oil glut forecast for first time since May \| Reuters](https://feedsoft.ai/events/21664-iea-lowers-2026-oil-glut-forecast-for-first-time-since-may-reuters.md) | -4.4% | +0.7% |
| WTI | 2022-12-06 | [EIA revises down Brent price forecast for 2023 \| Oil & Gas Journal](https://feedsoft.ai/events/38413-eia-revises-down-brent-price-forecast-for-2023-oil-and-gas-journal.md) | -5.0% | -5.3% |
| DIESEL | 2020-08-05 | [US DATA: EIA says Gulf Coast diesel stocks build to record high](https://feedsoft.ai/events/51799-us-data-eia-says-gulf-coast-diesel-stocks-build-to-record-high.md) | -2.0% | -2.7% |
| DIESEL | 2018-09-19 | [U.S. Midwest distillate stocks reach record high ahead of harvest \| Reuters](https://feedsoft.ai/events/63226-u-s-midwest-distillate-stocks-reach-record-high-ahead-of-harvest-reuters.md) | +3.1% | +4.7% |
| DIESEL | 2025-02-26 | [US crude stockpiles fall as refining picks up, fuel inventories build, EIA says \| Reuters](https://feedsoft.ai/events/26245-us-crude-stockpiles-fall-as-refining-picks-up-fuel-inventories-build-eia-says.md) | -4.0% | -4.1% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-oil-stockpiles-rise-more-than-forecast-gasoline-builds-feb-2022-high-eia-2024-01-10/

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