{"id":430739,"date":"2026-05-20T21:40:20","date_gmt":"2026-05-20T14:40:20","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/weekly-crude-oil-inventories-fall-7-863m-vs-2-942m-estimate\/"},"modified":"2026-05-20T21:40:20","modified_gmt":"2026-05-20T14:40:20","slug":"weekly-crude-oil-inventories-fall-7-863m-vs-2-942m-estimate","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/weekly-crude-oil-inventories-fall-7-863m-vs-2-942m-estimate\/","title":{"rendered":"Weekly crude oil inventories fall -7.863M vs -2.942M estimate"},"content":{"rendered":"<div>\n<p>Looking at the weekly EIA oil inventory data showed a large drawdown of crude oil stocks. Gasoline toys fall. Distillates rise modestly: <\/p>\n<ul>\n<li>Crude oil inventories -7.863M versus estimate drawdown of -2.942M<\/li>\n<li>Distillates, build of 0.372M vs expected drawdown of -1.072M<\/li>\n<li>Gasoline drawdown -1.548M vs estimate drawdown of -2.096M <\/li>\n<li>Cushing  drawdown of -1.604M vs a drawdown of -1.702M last week.<\/li>\n<\/ul>\n<p>Despite the drawdown, crude oil is trading lower on the day by $-3.80 at $100.30. The low price extended to $99.45. The high price is at $104.45.<\/p>\n<p>Technically, the price has dipped back below the 200 hour moving average at $100.57. Stay below that moving average level keeps the sellers more in control. <\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Looking at the weekly EIA oil inventory data showed a large drawdown of crude oil stocks. Gasoline toys fall. Distillates rise modestly: Crude oil inventories -7.863M versus estimate drawdown of -2.942M Distillates, build of 0.372M vs expected drawdown of -1.072M Gasoline drawdown -1.548M vs estimate drawdown of -2.096M Cushing drawdown of -1.604M vs a drawdown [&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-430739","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430739","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=430739"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430739\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=430739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=430739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=430739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}