Newsig · Forex News
EIA weekly US crude oil inventories -3186K vs +1722K expected
Prior was +922KGasoline +382K vs -1658K expectedDistillates -42K vs -2111K expectedWTI crude oil was trading higher by 45-cents to $89.89 ahead of the reelase and in a range of $89.33 to $90.98 today. Eyes are on the Middle East once again after Houthis struck three Saudi pumping stations. Earlier,
Why it matters
CL (Crude Oil (WTI)) · Why linked: The EIA crude draw of nearly 3.2 million barrels is a major surprise versus expectations of a +1.7 million build, directly moving WTI prices. Market context: An unexpected large crude draw combined with a gasoline build smaller than expected could push WTI prices higher near-term, though distillates missed bullish expectations.
USO (US Oil Fund) · Why linked: A broadly tracked oil ETF reacts to EIA inventory surprises. Market context: A crude draw of this magnitude versus expectations is supportive for crude oil-related ETFs.
XLE (Energy Select Sector SPDR Fund) · Why linked: Energy sector ETF benefits from rising crude prices on bullish inventory data. Market context: Higher crude prices following the bullish inventory report lift energy sector equities.
How CL, USO, XLE usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| CL | 154 | +3.04% | 43% |
| USO | 3 | +1.40% | 33% |
| XLE | 123 | +1.53% | 40% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy