Oil Edges Around Inventory Draw as Brent, WTI, and Natural Gas Extend Monthly Losses

U.S. government data showed a decline in crude, gasoline, and distillate inventories for the week ended April 10, with crude stocks dropping by 913,000 barrels to 463.8 million, contrary to expectations for a build. The surprise draw, including at the Cushing delivery hub, may offer near-term support to futures such as Oil – US Crude and global benchmark Oil – Brent Crude, while weak demand signals and broader risk sentiment continue to temper the outlook for Natural Gas.

Over the past month, Oil – Brent Crude has fallen about 6.37% and Oil – US Crude is down roughly 4.25%, reflecting concerns over demand and macroeconomic uncertainty despite the latest inventory draw, with daily technicals flashing a cautious Hold on Brent and a more constructive Buy on WTI. Natural Gas has dropped nearly 15% in the last month amid oversupply and mild weather, and its near-term charts point to continued pressure with a 1-day Sell signal; Investors can explore more updates, prices, and analysis across global markets at Commodities.