{"id":427965,"date":"2026-03-04T22:40:18","date_gmt":"2026-03-04T15:40:18","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/eia-crude-oil-inventories-3-475m-vs-2-305m-estimate\/"},"modified":"2026-03-04T22:40:18","modified_gmt":"2026-03-04T15:40:18","slug":"eia-crude-oil-inventories-3-475m-vs-2-305m-estimate","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/eia-crude-oil-inventories-3-475m-vs-2-305m-estimate-427965\/","title":{"rendered":"EIA Crude oil inventories 3.475M vs 2.305M estimate"},"content":{"rendered":"<div>\n<ul>\n<li>Crude oil 3.475M vs 2.305M estimate. Last 15.989M<\/li>\n<li>Distillates 0.429M vs -2.596M estimate. Last 0.252M<\/li>\n<li>Gasoline -1.704M vs 0.784M last week.<\/li>\n<li>Cushing 1.564M vs 0.881M last week. <\/li>\n<\/ul>\n<p>The private data released late yesterday showed:<\/p>\n<ul>\n<li>Crude +5.6M<\/li>\n<li>Distillates +0.5M.<\/li>\n<li>Gasoline -3.3 million<\/li>\n<li>Cushing +1.5 million<\/li>\n<\/ul>\n<p data-start=\"0\" data-end=\"301\">Crude oil is trading lower on the day after failing to sustain yesterday\u2019s rally. The price extended to just below $78 yesterday, but today\u2019s rebound stalled at $77.23 before sellers stepped back in. The session low has reached $73.28, keeping the focus on nearby technical support levels.<\/p>\n<p data-start=\"303\" data-end=\"569\">On the downside, the 38.2% retracement of the move up from the February 26 low at $63.60 comes in at $72.49. Yesterday the price briefly dipped below that level but quickly snapped back higher, highlighting the importance of the area as a near-term support zone.<\/p>\n<p data-start=\"571\" data-end=\"931\" data-is-last-node=\"\" data-is-only-node=\"\">A sustained break and hold below the $72.49 level would shift the bias more to the downside. If that occurs, the next targets come in near $71.66, the low from yesterday\u2019s U.S. session, followed by the 50% retracement and the 100-hour moving average, both of which converge near $70.79 and represent a key technical support cluster for traders.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil 3.475M vs 2.305M estimate. Last 15.989M Distillates 0.429M vs -2.596M estimate. Last 0.252M Gasoline -1.704M vs 0.784M last week. Cushing 1.564M vs 0.881M last week. The private data released late&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-427965","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=427965"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427965\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=427965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=427965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=427965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}