# Oil falls after surprise US inventory build - Profit by Pakistan Today

> Oil fell about 1% on Wednesday after the EIA reported that U.S. crude stocks rose 1.6 million barrels, against expectations of a drop, and gasoline inventories surged 5.1 million barrels. U.S. crude production hit a record 12.9 million bpd. Hopes for a US-China trade deal limited the losses.

- Date: 2019-11-27 · published 2019-11-27T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/56231-oil-falls-after-surprise-us-inventory-build-profit-by-pakistan-today
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Surprise inventory builds signal ample supply and weaken near-term price support. Market direction was still tied to trade-deal expectations, which keeps the price outlook sensitive to headlines.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-10-30 | [Oil prices extend fall after surprise inventory build(Update) \| The Star](https://feedsoft.ai/events/56743-oil-prices-extend-fall-after-surprise-inventory-build-update-the-star.md) | +3.1% | +5.2% |
| WTI | 2022-08-03 | [Oil falls to nearly 6-month lows after surprise U.S. crude, gasoline build](https://feedsoft.ai/events/12796-oil-falls-to-nearly-6-month-lows-after-surprise-u-s-crude-gasoline-build.md) | -4.1% | -4.5% |
| WTI | 2018-02-07 | [Oil hits one-month low after U.S. inventory build](https://feedsoft.ai/events/11359-oil-hits-one-month-low-after-u-s-inventory-build.md) | -6.6% | -3.7% |
| WTI | 2020-09-10 | [Oil prices dip as inventory builds](https://feedsoft.ai/events/10509-oil-prices-dip-as-inventory-builds.md) | +5.6% | +4.8% |
| WTI | 2020-04-01 | [Oil falls on oversupply fears and US inventory growth](https://feedsoft.ai/events/53815-oil-falls-on-oversupply-fears-and-us-inventory-growth.md) | +15.0% | -6.8% |
| BRENT | 2019-10-30 | [Oil prices extend fall after surprise inventory build(Update) \| The Star](https://feedsoft.ai/events/56743-oil-prices-extend-fall-after-surprise-inventory-build-update-the-star.md) | +2.5% | +5.3% |
| BRENT | 2018-02-07 | [Oil hits one-month low after U.S. inventory build](https://feedsoft.ai/events/11359-oil-hits-one-month-low-after-u-s-inventory-build.md) | -6.7% | -1.6% |
| BRENT | 2020-09-10 | [Oil prices dip as inventory builds](https://feedsoft.ai/events/10509-oil-prices-dip-as-inventory-builds.md) | +3.3% | +2.3% |

## Sources

- profit.pakistantoday.com.pk: https://profit.pakistantoday.com.pk/2019/11/27/oil-falls-after-surprise-us-inventory-build

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