U.S. government data showed a sharp 9 million-barrel drop in crude inventories to 419.8 million barrels for the week ended Feb. 13, against expectations for a build, signaling tighter supply conditions. The surprise draw, alongside declines in gasoline and distillate stocks, underpinned a bullish backdrop for Oil – US Crude, Oil – Brent Crude, and demand-sensitive Natural Gas, as traders reassessed inventory risk and refinery runs.
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Over the past month, U.S. crude futures have advanced about 9.9%, with the 1-day technical stance at Strong Buy, while Brent has gained roughly 10.2% and likewise shows a Strong Buy bias, reflecting momentum fueled by tightening stockpiles. In contrast, U.S. natural gas prices are down nearly 12.0% in one month and carry a near-term Sell signal, highlighting persistent softness in gas fundamentals despite the broader energy rally. Investors can explore more updates, prices, and analysis across global markets at Commodities.