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

> US crude inventories rose 8.7 million barrels in the week to Nov 17, to 448.1 million barrels, well above expectations. Distillate inventories fell to their lowest since May 2022.

- Date: 2023-11-22 · published 2023-11-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/33338-us-crude-stockpiles-jump-distillates-draw-down-to-18-mth-low-eia-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A tight distillate market supports diesel prices, while the crude build is bearish, leaving mixed signals for energy input costs.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-01-10 | [US oil stockpiles rise more than forecast, distillates build to Sept 2021 high -EIA \| Reuters](https://feedsoft.ai/events/32307-us-oil-stockpiles-rise-more-than-forecast-distillates-build-to-sept-2021-high.md) | +0.5% | +2.4% |
| WTI | 2018-02-07 | [Oil prices tank as US crude and fuel stockpiles jump](https://feedsoft.ai/events/11357-oil-prices-tank-as-us-crude-and-fuel-stockpiles-jump.md) | -6.6% | -3.7% |
| WTI | 2018-08-15 | [Oil prices sink after big, unexpected jump in US crude stockpiles](https://feedsoft.ai/events/63706-oil-prices-sink-after-big-unexpected-jump-in-us-crude-stockpiles.md) | +0.4% | +5.0% |
| WTI | 2022-07-13 | [U.S. crude, fuel stockpiles rise as demand slackens - EIA](https://feedsoft.ai/events/40646-u-s-crude-fuel-stockpiles-rise-as-demand-slackens-eia.md) | +8.7% | -4.9% |
| WTI | 2019-05-30 | [Oil falls to 2-month lows on small US crude stock draw, trade war worries \| Fox Business](https://feedsoft.ai/events/9889-oil-falls-to-2-month-lows-on-small-us-crude-stock-draw-trade-war-worries-fox.md) | -12.3% | +0.7% |
| DIESEL | 2024-02-01 | [EIA: U.S. crude stockpiles rise, products draw on low refining rates](https://feedsoft.ai/events/31856-eia-u-s-crude-stockpiles-rise-products-draw-on-low-refining-rates.md) | +0.7% | -4.3% |
| DIESEL | 2026-10-28 | [US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters](https://feedsoft.ai/events/271-us-crude-and-distillate-inventories-fall-gasoline-stocks-rise-eia-says-by.md) | -4.2% | — |
| DIESEL | 2020-09-30 | [U.S. crude, distillate stocks down in most recent week: EIA \| 104.5 & 96.1 The Point](https://feedsoft.ai/events/51291-u-s-crude-distillate-stocks-down-in-most-recent-week-eia-104-5-and-96-1-the.md) | +6.8% | +4.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-crude-stockpiles-jump-distillates-draw-down-18-mth-low-eia-2023-11-22/

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