# Oil rebounds, ends up on gasoline demand, OPEC compliance

> US crude futures settled up 23 cents at $64.73 after a Energy Department report showed an unexpected 6.8 million barrel crude inventory build. Gasoline and distillate demand was strong, and OPEC countries reportedly maintained heavy output cuts in January.

- Date: 2018-01-31 · published 2018-01-31T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/67146-oil-rebounds-ends-up-on-gasoline-demand-opec-compliance
- 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

A surprise inventory build caps near-term crude gains, but robust distillate demand and OPEC compliance keep energy costs firm for feed and freight.

## Read by commodity

- WTI: neutral
- BRENT: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-02-15 | [Oil demand growth slowing as non-OPEC supply expands, says IEA \| Reuters](https://feedsoft.ai/events/31840-oil-demand-growth-slowing-as-non-opec-supply-expands-says-iea-reuters.md) | +3.1% | +6.4% |
| WTI | 2025-12-11 | [OPEC data indicate close oil supply-demand balance in 2026, no glut \| Reuters](https://feedsoft.ai/events/21425-opec-data-indicate-close-oil-supply-demand-balance-in-2026-no-glut-reuters.md) | -4.4% | +0.7% |
| WTI | 2025-07-01 | [OPEC trims 2025 oil demand growth estimate but hikes ‘call’ on its crude](https://feedsoft.ai/events/24393-opec-trims-2025-oil-demand-growth-estimate-but-hikes-call-on-its-crude.md) | +4.3% | +2.3% |
| WTI | 2021-05-31 | [OPEC+ JTC keeps 2021 oil demand growth forecast unchanged - Markets - Business Recorder](https://feedsoft.ai/events/47017-opec-jtc-keeps-2021-oil-demand-growth-forecast-unchanged-markets-business.md) | +4.4% | +10.0% |
| WTI | 2017-08-10 | [OPEC Boosts Oil-Demand Outlook While Its Production Rises - Bloomberg](https://feedsoft.ai/events/69362-opec-boosts-oil-demand-outlook-while-its-production-rises-bloomberg.md) | -5.6% | -1.0% |
| BRENT | 2024-02-15 | [Oil demand growth slowing as non-OPEC supply expands, says IEA \| Reuters](https://feedsoft.ai/events/31840-oil-demand-growth-slowing-as-non-opec-supply-expands-says-iea-reuters.md) | +1.1% | +1.2% |
| BRENT | 2025-12-11 | [OPEC data indicate close oil supply-demand balance in 2026, no glut \| Reuters](https://feedsoft.ai/events/21425-opec-data-indicate-close-oil-supply-demand-balance-in-2026-no-glut-reuters.md) | -4.0% | +2.5% |
| BRENT | 2018-01-03 | [OPEC Holds Production Steady as Compliance Exceeds Promised Cuts - Bloomberg](https://feedsoft.ai/events/66897-opec-holds-production-steady-as-compliance-exceeds-promised-cuts-bloomberg.md) | +3.5% | +2.7% |

## Sources

- zeebiz.com: https://www.zeebiz.com/agencies/oil-rebounds-ends-up-on-gasoline-demand-opec-compliance-36146

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