Geopolitics Alpha

Crude Oil Inventories Post Smaller Decline Than Forecast - News and Statistics

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Crude Oil Inventories Post Smaller Decline Than Forecast - News and Statistics

U.S. crude oil inventories declined by 1.892 million barrels, missing the forecasted 0.100 million drawdown and falling short of the prior week's 3.060 million barrel decrease, a signal of softer-than-expected demand.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+13.9% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+12.1% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XOM ExxonMobil Holdings+13.4% 16d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+15.7% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • SHEL Shell+0.1% 13d

    Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • OXY Occidental Petroleum+1.5% 30d

    Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO-2.52%-0.26%base+0.32%+1.30%after closeafter close
XLE-1.29%+1.72%base+0.37%+2.25%after closeafter close
XOM-2.14%+1.35%base+0.18%+2.84%after closeafter close
CVX-1.18%+1.19%base+0.93%+2.77%after closeafter close
SHELNo price data for this ticker———————
OXY-0.60%+1.91%base-0.49%+1.78%after closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Crude Oil Inventories Post Smaller Decline Than Forecast - News and Statistics IndexBox

Source: IndexBox

Energy

CompanyWhenMoveStatus
CVXthat day+0.93%final price
CVXthe next day+2.77%final price
CVXthree days earlier+1.19%final price
CVXfive days earlier-1.18%final price
OXYthat day-0.49%final price
OXYthe next day+1.78%final price
OXYthree days earlier+1.91%final price
OXYfive days earlier-0.60%final price
USOthat day+0.32%final price
USOthe next day+1.30%final price
USOthree days earlier-0.26%final price
USOfive days earlier-2.52%final price
XLEthat day+0.37%final price
XLEthe next day+2.25%final price
XLEthree days earlier+1.72%final price
XLEfive days earlier-1.29%final price
XOMthat day+0.18%final price
XOMthe next day+2.84%final price
XOMthree days earlier+1.35%final price
XOMfive days earlier-2.14%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

12 out of 100

“Crude Oil Inventories Post Smaller Decline Than Forecast - News and Statistics” scores 12 out of 100. The score uses 1 sources.