# Energy & Utilities Roundup: Market Talk - WSJ

> U.S. oil prices extended declines after the EIA reported a 1.2 million barrel crude build, against an expected draw. Gasoline and distillate inventories also rose more than forecast. WTI fell 2.3% to $61.27 per barrel.

- Date: 2020-01-08 · published 2020-01-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/9662-energy-and-utilities-roundup-market-talk-wsj
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Unexpected inventory builds across crude, gasoline and distillates point to ample U.S. supply and weaker crude prices. Lower diesel prices can reduce transport costs for feed buyers.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2020-01-08 | 1 | -3.2% | -3.1 | On the day of the move, WTI fell 2.3% and EIA data showed a surprise crude build plus larger-than-expected distillate inventory gains, which cuts input costs and signals ample supply, pressuring ULSD futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-02-13 | [Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/54763-short-term-energy-outlook-fuels-market-news.md) | +5.1% | -38.3% |
| 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% |
| WTI | 2022-07-05 | [Weekly Energy Market Situation—July 5, 2022 - Fuels Market News](https://feedsoft.ai/events/11247-weekly-energy-market-situation-july-5-2022-fuels-market-news.md) | -3.9% | -12.8% |
| WTI | 2022-07-12 | [Turner's Take Ag Markets \| WASDE Bearish](https://feedsoft.ai/events/5975-turner-s-take-ag-markets-wasde-bearish.md) | -1.5% | -12.2% |
| DIESEL | 2020-05-19 | [Weekly Energy Market Situation, May 18, 2020 - Fuels Market News](https://feedsoft.ai/events/53319-weekly-energy-market-situation-may-18-2020-fuels-market-news.md) | -2.3% | +19.1% |
| DIESEL | 2022-07-05 | [Weekly Energy Market Situation—July 5, 2022 - Fuels Market News](https://feedsoft.ai/events/11247-weekly-energy-market-situation-july-5-2022-fuels-market-news.md) | -4.4% | -12.7% |
| 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% |

## Sources

- wsj.com: https://www.wsj.com/articles/energy-utilities-roundup-market-talk-11578483670

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