US crude stockpiles fall as refining runs hit 2020 high - EIA

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.

• Feb 1, 2024EIA: U.S. crude stockpiles rise, products draw on low refining rates-2.6%
• Jan 8, 2025US crude stocks at Cushing fall to decade-low, fuel inventories surge, EIA says+4.3%
• Oct 25, 2018US crude stocks rise as fuel inventories draw down-2.0%
• Jun 21, 2022US refining capacity falls to lowest mark in 8 years amid record prices: EIA+1.1%
• Oct 9, 2024US crude stocks rose last week, fuel inventories dipped as demand surged, EIA says-4.1%

After 41 past neutral report events, Crude Oil (Brent) moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% over 20.

• Feb 1, 2024EIA expects relatively flat crude oil prices in 2024 and 2025-2.6%
• Feb 1, 2019EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020-1.4%
• Sep 21, 2017Changing quality mix is affecting crude oil price differentials and refining decisions - U.S. Energy Information Administration (EIA)+2.8%
• Jan 7, 2020Crude oil prices were generally lower in 2019 than in 2018 - U.S. Energy Information Administration (EIA)-7.8%
• Dec 12, 2024Oil settles flat; markets weigh IEA surplus forecast, rate cut optimism | Reuters+0.0%