WTI Crude Oil
Supply/demand driven · EIA weekly inventories · OPEC+ decisions · USD impact
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What drives WTI Crude
EIA Crude Draw
Falling inventories signal strong demand or tight supply
EIA Crude Build
Rising inventories signal oversupply or weak demand
OPEC+ Cut
Supply reduction directly tightens the physical market
OPEC+ Increase
More supply hits the market, pressuring prices
Strong NFP
Strong economy = higher energy demand
FOMC Hike
USD strengthens (crude is USD-priced) + recession fears
USD Weakens
Crude priced in USD — weaker dollar = cheaper for buyers
Geopolitical disruption
Supply disruption fears in major oil-producing regions
Reading the EIA Report (every Wednesday ~10:30 AM ET / 8:00 PM IST)
• Crude stocks — the headline number. Draw = bullish, Build = bearish.
• Gasoline stocks — demand proxy for US consumer.
• Distillate stocks — diesel/heating oil demand proxy.
• Refinery utilization — high utilization = processing crude = bullish crude demand.
• Cushing stocks — WTI's delivery point. Low = direct price support.