
US oil futures settled $1.71 lower at $61.39 on May 21, 2019, down 2.7%, after the EIA reported a 4.7 million barrel build in crude inventories versus expectations of a draw. Gasoline stocks also rose unexpectedly by 3.7 million barrels.
Brent fell $1.19 to $70.99.
Surprise inventory builds signal weaker near-term crude demand and raise worries that the US-China trade war will cut fuel consumption, pressuring energy prices. Lower crude and gasoline costs tend to weigh on biofuel margins and related energy-linked feed inputs.
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 129 peristiwa laporan bearish sebelumnya, Minyak Mentah (Brent) bergerak median -1,3% selama 5 sesi (45% lebih tinggi; separuh tengah -3,9% sampai +2,5%), dan +0,4% 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.
EIA reported a surprise 4.7M barrel crude build and a gasoline build on May 21-22, sending Brent down $1.19 to $70.99 and driving the drop in the window.
Oil futures fell 2.7% on May 21 after the EIA reported an unexpected 4.7M bbl crude build and a gasoline stock build, a bearish supply signal that pulled ULSD lower into the May 22 move.
The prior day's EIA build in crude and gasoline stocks and a 2.7% price drop set the bearish tone that carried into the next session.