# U.S. crude, fuel stockpiles rise as demand slackens - EIA

> U.S. crude inventories rose 3.3 million barrels in the week to July 8 to 423.8 million barrels, against analysts' expectations of a drop. Strategic Petroleum Reserve stocks fell nearly 7 million barrels.

- Date: 2022-07-13 · published 2022-07-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/40646-u-s-crude-fuel-stockpiles-rise-as-demand-slackens-eia
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Bigger-than-expected crude stockpiles signal softer demand and are bearish for crude, which feeds through to diesel and biofuel feedstock prices. The SPR drawdown adds supply but is a routine data release.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-05-22 | [Oil prices sink as US crude and gasoline stockpiles rise](https://feedsoft.ai/events/9794-oil-prices-sink-as-us-crude-and-gasoline-stockpiles-rise.md) | -6.4% | -14.5% |
| 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 | 2019-06-05 | [Oil sinks as US crude stockpiles unexpectedly surge](https://feedsoft.ai/events/10748-oil-sinks-as-us-crude-stockpiles-unexpectedly-surge.md) | -0.4% | +4.8% |
| WTI | 2021-03-18 | [Oil Markets: U.S. stockpile build, demand worries](https://feedsoft.ai/events/6201-oil-markets-u-s-stockpile-build-demand-worries.md) | -5.3% | -1.8% |
| DIESEL | 2019-05-22 | [Oil prices sink as US crude and gasoline stockpiles rise](https://feedsoft.ai/events/9794-oil-prices-sink-as-us-crude-and-gasoline-stockpiles-rise.md) | -5.3% | -12.2% |
| 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% |
| DIESEL | 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) | +0.0% | +6.3% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-crude-fuel-stockpiles-rise-demand-slackens-eia-2022-07-13/

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