U.S. crude oil inventories changed dramatically last week

The US EIA crude oil inventories changed last week to +5.896 million barrels, which was previously expected to be +1.8 million barrels and the previous value was +286 million barrels. After the announcement, crude oil plummeted by more than a dollar.

Last week, EIA gasoline stocks changed +1.439 million barrels, which is expected to be 500,000 barrels, and the previous value was 172 million barrels. Last week, the change in EIA refined oil stocks was -64.6 million barrels, which was expected to be -1.2 million barrels, and the previous value was -221.8 million barrels.