The Marked Chart Wire · Series of events
Series of events · Oil Inventories
US crude inventories fall for four straight weeks
Weekly reports show a sustained decline in US crude oil stocks, with draws exceeding analyst forecasts in each instance.
Updated
The flow in 3 points
- Crude stocks fell 3.2 million barrels in the first report
- A sharp 8.557 million barrel drop followed in the next report
- API reported a 2.03 million barrel decline in the final story
What happened, in order
Times are Eastern-
Where it began
Initial draw reported
US crude oil stocks fell 3.2 million barrels, reversing a 922,000 barrel build and missing a forecast for a 1.9 million barrel increase.
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Sharp draw and gas rise
Crude inventories fell 8.557 million barrels, far beyond the expected 150,000 barrel drop, while gasoline stocks rose 3.518 million barrels.
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Draw beats expectations
Crude inventories fell 4.93 million barrels, well above the 1.3 million barrel draw expected, while Cushing crude rose 936,000 barrels.
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Fourth weekly draw
Crude inventories fell 3.06 million barrels, a larger drop than the 324,200 barrel decline analysts expected.
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Latest
API reports drop
The American Petroleum Institute reported a 2.03 million barrel decline in US crude inventories, contrasting with an expected 0.8 million barrel build.
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How they connect
The series tracks consecutive weekly reports showing US crude oil inventories declining. Each report details the magnitude of the draw compared to analyst forecasts and notes changes in related product stocks.
A series is a short summary of connected news, for learning. Not verified and not advice. Check the full stories before you act.