# Interest Rates Hold, EIA Shows Surprise Builds - Mansfield Energy

> The Federal Reserve held its policy rate at 0%-0.25%, in line with expectations, and signaled no hikes until 2023 or later. The EIA weekly report showed unexpected builds across crude and refined products, and refinery utilization rose to 76%, below seasonal norms. Crude fell to about $62.22 as the market reacted to the data and the policy stance.

- Date: 2021-03-18 · published 2021-03-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/6482-interest-rates-hold-eia-shows-surprise-builds-mansfield-energy
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A surprise inventory build signals weaker near-term fuel demand and tends to pressure crude and diesel, which lowers energy costs for feed and freight. Low rates that weaken the dollar would normally support commodity prices, so the net effect depends on which factor dominates.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-05-23 | [Oil Plummets on Bearish EIA Data - Mansfield Energy](https://feedsoft.ai/events/7396-oil-plummets-on-bearish-eia-data-mansfield-energy.md) | -4.2% | -12.5% |
| 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 | 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 | 2019-04-10 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/59780-eia-short-term-energy-outlook-fuels-market-news.md) | -0.0% | -3.0% |
| WTI | 2018-03-13 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/66208-eia-short-term-energy-outlook-fuels-market-news.md) | +1.1% | +6.7% |
| DIESEL | 2019-05-23 | [Oil Plummets on Bearish EIA Data - Mansfield Energy](https://feedsoft.ai/events/7396-oil-plummets-on-bearish-eia-data-mansfield-energy.md) | -6.5% | -7.9% |
| DIESEL | 2017-05-02 | [EIA Gasoline and Diesel Retail Prices Update - Mansfield Energy](https://feedsoft.ai/events/10018-eia-gasoline-and-diesel-retail-prices-update-mansfield-energy.md) | -2.1% | +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

- mansfield.energy: https://mansfield.energy/2021/03/18/interest-rates-hold-eia-shows-surprise-builds/

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