US Crude Stocks Slide as EIA Reports Larger-Than-Expected Draw

U.S. crude inventories dropped by 9 million barrels in the week to February 13, EIA data showed, pulling commercial stocks to 419.8 million barrels, about 5% under the five-year seasonal norm. The sharper draw, which contrasts with a smaller decline reported by the API, underpinned prices for Oil – US Crude and Oil – Brent Crude, reinforcing a tighter near-term supply narrative as demand indicators improve.

Over the past month, Oil – US Crude has gained about 9.9%, while Oil – Brent Crude is up roughly 10.2%, with both showing a 1-day technical signal of Strong Buy and Strong Buy, respectively. In contrast, Natural Gas is down about 12.0% over one month and carries a 1-day technical rating of Sell, highlighting diverging trends between oil strength and gas weakness. Investors can explore more updates, prices, and analysis across global markets at Commodities.