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Brent and WTI futures rose after the American Petroleum Institute reported that U.S. crude inventories fell by 9.8 million barrels in the week ending November 6, versus expectations for a decline of about 1 million barrels. The Energy Information Administration’s official inventory data was due later that day; the report also noted continued attacks on shipping near the Strait of Hormuz.
A larger-than-expected inventory draw signals tighter near-term U.S. crude supply and supports prices, though official data could revise the picture.
thehindubusinessline.comBL Mangaluru BureauNov 11, 2026After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.
After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
