US crude stockpiles jump, distillates draw down to 18-mth low - EIA

After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.

• Jan 10, 2024US oil stockpiles rise more than forecast, distillates build to Sept 2021 high -EIA | Reuters+0.5%
• Feb 7, 2018Oil prices tank as US crude and fuel stockpiles jump-6.6%
• Aug 15, 2018Oil prices sink after big, unexpected jump in US crude stockpiles+0.4%
• Jul 13, 2022U.S. crude, fuel stockpiles rise as demand slackens - EIA+8.7%
• May 30, 2019Oil falls to 2-month lows on small US crude stock draw, trade war worries | Fox Business-12.3%

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.

• Feb 1, 2024EIA: U.S. crude stockpiles rise, products draw on low refining rates+0.7%
• Oct 28, 2026US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters-4.2%
• Sep 30, 2020U.S. crude, distillate stocks down in most recent week: EIA | 104.5 & 96.1 The Point+6.8%
• 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%