
Crude oil fell about 5.2% to $58.22 after a bearish EIA report showed crude inventory builds, unusual for late May. Gasoline and diesel also fell sharply, with diesel down 7.7 cents.
Refinery utilization dipped with Gulf Coast rain outages and unplanned downtime at BP Whiting.
Larger-than-seasonal inventory builds signal weaker near-term demand relative to supply, pressuring crude and diesel prices and reducing energy costs for the feed supply chain.
Setelah 171 peristiwa laporan bearish sebelumnya, Minyak Mentah (WTI) bergerak median -1,5% selama 5 sesi (37% lebih tinggi; separuh tengah -4,8% sampai +1,9%), dan -0,9% selama 20 sesi.
Setelah 86 peristiwa laporan bearish sebelumnya, ULSD / Solar bergerak median -0,9% selama 5 sesi (37% lebih tinggi; separuh tengah -4,3% sampai +0,9%), dan +0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Bearish EIA data showing crude builds drove a roughly 5% fall, a supply-side driver of the drop.
May 23 bearish EIA crude build sent crude down ~5% and diesel futures down 7.7 cents, falling inside the five-day window ending June 2 and driving part of the drop.