Oil Rebounds as Tight Inventories and Middle East Risks Support Prices

After 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.

• Jul 31, 2026Oil prices seen gaining as Middle East supply disruptions persist: Reuters poll | Reuters-7.4%
• Jun 28, 2022US soyabean oil prices rise due to tight supply and surging energy…-9.0%
• Aug 1, 2023EIA forecasts crude oil prices will increase through 2024 as demand rises above supply+0.2%
• Mar 12, 2026World faces largest-ever oil supply disruption on Middle East war, IEA says | Reuters+10.6%
• Mar 14, 2024Oil prices climb as revised IEA outlook signals tighter market | Reuters+2.6%

After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.

• Nov 10, 2022Strong demand for diesel leads to high prices and tight inventories going into winter - U.S. Energy Information Administration (EIA)-7.4%
• Mar 12, 2026World faces largest-ever oil supply disruption on Middle East war, IEA says | Reuters+15.3%
• Oct 25, 2018US crude stocks rise as fuel inventories draw down+0.5%
• Oct 9, 2024US crude stocks rose last week, fuel inventories dipped as demand surged, EIA says-4.9%
• May 25, 2022East Coast diesel inventories tighter again; other numbers offer buyers hope - FreightWaves+8.0%