Oil Prices Face Mixed Signals as U.S. Distillate Stocks Fall

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.

• Apr 27, 2022Oil Futures Mixed, ULSD Rallies on Tight Distillate Supply+0.1%
• Oct 24, 2018U.S. oil prices up after sharp drop in fuel stocks | Reuters+0.6%
• Sep 28, 2022Oil prices rise on surprise drop in U.S. crude, fuel stocks+10.2%
• Oct 28, 2026US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters-4.2%
• Sep 30, 2020U.S. crude, distillate stocks down in most recent week: EIA | 104.5 & 96.1 The Point+6.8%

After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.

• Sep 30, 2020U.S. crude, distillate stocks down in most recent week: EIA | 104.5 & 96.1 The Point+3.7%
• Sep 21, 2017Changing quality mix is affecting crude oil price differentials and refining decisions - U.S. Energy Information Administration (EIA)+3.6%
• May 31, 2017Diesel prices head up for first time in six weeks - Logistics Management-3.0%
• Oct 25, 2018US crude stocks rise as fuel inventories draw down-2.0%
• Jan 7, 2020Crude oil prices were generally lower in 2019 than in 2018 - U.S. Energy Information Administration (EIA)-8.1%