Market news
27.10.2021, 14:42

US: EIA Crude Oil Stocks rise by 4.3 million barrels, WTI trades below $84

Commercial crude oil inventories in the US increased by 4.3 million barrels in the week ending October 22, the weekly report published by the US Energy Information Administration (EIA) revealed on Wednesday. This reading came in much higher than the market expectation for an inventory build of 1.9 million barrels.

Market reaction

Crude oil prices remain on the back foot after this report. As of writing, the barrel of West Texas Intermediate (WTI) was trading at $83.50, losing 1.1% on a daily basis.

Additional takeaways

"Total motor gasoline inventories decreased by 2.0 million barrels last week and are about 3% below the five year average for this time of year."

"US crude oil refinery inputs averaged 15.0 million barrels per day during the week ending October 22, 2021."

"US crude oil imports averaged 6.3 million barrels per day last week, up by 430,000 barrels per day from the previous week."

"Total products supplied over the last four-week period averaged 20.8 million barrels a day, up by 9.9% from the same period last year."

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location