A post by @FirstSquawk on X.
U.S. API CRUDE STOCKS FELL 9.8 MLN BARRELS VERSUS A FORECAST 1 MLN DRAW AND A PRIOR 5.267 MLN DRAW, WITH CUSHING STOCKS UP 5.1 MLN
@FirstSquawk on X
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U.S. API crude inventories fell 9.8 million barrels, far exceeding forecasts for a 1 million-barrel draw and following a prior 5.267 million-barrel decline, according to First Squawk. Cushing stocks rose 5.1 million barrels over the same period. The much larger-than-expected draw signals tighter crude supply and could support oil prices. Watch the official EIA inventory data for confirmation and any price reaction in crude benchmarks.
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Named in this story
U.S. API, Cushing