{"id":654630,"date":"2026-08-19T14:41:15","date_gmt":"2026-08-19T14:41:15","guid":{"rendered":"https:\/\/buglecall.org\/?p=654630"},"modified":"2026-08-19T14:41:15","modified_gmt":"2026-08-19T14:41:15","slug":"wti-rises-as-distillate-stocks-draw-cushing-back-near-tank-bottoms-spr-at-43-year-lows-3","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=654630","title":{"rendered":"WTI Rises As Distillate Stocks Draw, Cushing Back Near &#8216;Tank Bottoms&#8217;, SPR At 43-Year Lows"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">WTI Rises As Distillate Stocks Draw, Cushing Back Near &#8216;Tank Bottoms&#8217;, SPR At 43-Year Lows<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Oil prices are chopping sideways (to modestly higher) for the second day in a row\u00a0as traders weighed the &#8216;dark fleet&#8217; transits with renewed tensions in the Middle East further clouding the outlook for flows through the vital Strait of Hormuz.<\/p>\n<p>\u201cA combination of the escalation between the UAE and Iran, coupled with a market increasingly pricing a \u2018closed for longer scenario,\u2019 keeps oil and refined products supported,\u201d said Arne Lohmann Rasmussen, chief analyst at Global Risk Management.<\/p>\n<p>Combine that with the ever-decreasing poll of global inventories (to soak up any supply shortage)&#8230;<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/0%20%2877%29_13.jpg?itok=tO_yETAe\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/0%20%2877%29_13.jpg?itok=tO_yETAe\"><img fetchpriority=\"high\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"c8dd19d1-7adc-4913-acd1-bfa9cd3b4ec4\" data-responsive-image-style=\"inline_images\" height=\"289\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/0%20%2877%29_13.jpg?itok=tO_yETAe\" alt=\"\" \/><\/a><\/p>\n<p>&#8230;and every incremental report on supply and production matters (especially for refined products).<\/p>\n<p><u><strong>API<\/strong><\/u><\/p>\n<ul>\n<li>\n<p>Crude -328k<\/p>\n<\/li>\n<li>\n<p>Cushing -1.4mm<\/p>\n<\/li>\n<li>\n<p>Gasoline +1.1mm<\/p>\n<\/li>\n<li>\n<p>Distillates -2.8mm<\/p>\n<\/li>\n<\/ul>\n<p><u><strong>DOE<\/strong><\/u><\/p>\n<ul>\n<li>\n<p><strong>Crude +4.41mm (-707k exp)<\/strong><\/p>\n<\/li>\n<li>\n<p>Cushing -1.314mm &#8211; biggest draw since mid-June<\/p>\n<\/li>\n<li>\n<p>Gasoline +688k<\/p>\n<\/li>\n<li>\n<p>Distillates -1.53mm<\/p>\n<\/li>\n<\/ul>\n<p>After last week&#8217;s massive crude inventory build, expectations were a calmer week (API showed a small draw). <strong>The official data showed a sizable build (4.41mm barrels) for the 3rd week in a row<\/strong> while Cushing stocks slipped back. Products were mixed with Distillates drawing down for a 3rd week&#8230;<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-08-19_07-31-54.jpg?itok=go7kZmEU\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-08-19_07-31-54.jpg?itok=go7kZmEU\"><img decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"36e3bc70-ffae-4943-a3a3-d84484e0d9cf\" data-responsive-image-style=\"inline_images\" height=\"314\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-08-19_07-31-54.jpg?itok=go7kZmEU\" alt=\"\" \/><\/a><\/p>\n<p>Cushing stocks remain near &#8216;tank bottoms&#8217;&#8230;<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-08-19_07-36-29.jpg?itok=2i14uXzM\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-08-19_07-36-29.jpg?itok=2i14uXzM\"><img decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"1b2390c6-e75e-4472-a46b-442ecbd79b34\" data-responsive-image-style=\"inline_images\" height=\"295\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-08-19_07-36-29.jpg?itok=2i14uXzM\" alt=\"\" \/><\/a><\/p>\n<p>The SPR saw another drain&#8230;<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-08-19_07-34-50.jpg?itok=X2Ddo6IC\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-08-19_07-34-50.jpg?itok=X2Ddo6IC\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"096cb32a-7362-4ba1-a7cc-612444ba6bf2\" data-responsive-image-style=\"inline_images\" height=\"297\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-08-19_07-34-50.jpg?itok=X2Ddo6IC\" alt=\"\" \/><\/a><\/p>\n<p>&#8230;pushing stocks back to ever lower lows (1983 lows now)&#8230;<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/get_attachment_url%20%2813%29_10.jpg?itok=hxBd86KM\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/get_attachment_url%20%2813%29_10.jpg?itok=hxBd86KM\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"068c0c92-f08c-4c3b-af36-39db010e1f51\" data-responsive-image-style=\"inline_images\" height=\"268\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/get_attachment_url%20%2813%29_10.jpg?itok=hxBd86KM\" alt=\"\" \/><\/a><\/p>\n<p>US crude production rose last week, edging closer to record highs as rig counts continue to rise&#8230;<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-08-19_07-33-31.jpg?itok=S5R3eVDu\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-08-19_07-33-31.jpg?itok=S5R3eVDu\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"b403f157-1952-4b37-89cf-720873e1ca50\" data-responsive-image-style=\"inline_images\" height=\"295\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-08-19_07-33-31.jpg?itok=S5R3eVDu\" alt=\"\" \/><\/a><\/p>\n<p><strong>Crude imports eased after a big surge a week earlier <\/strong>mostly thanks to a significant slide in volumes from Canada. Still, <strong>shipments from Venezuela remain very strong<\/strong> holding above 700,000 barrels a day and near the highest levels since 2017.\u00a0<\/p>\n<p>WTI Crude is rising on the report back up near $85&#8230;<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-08-19_07-35-11.jpg?itok=7eIav7Qc\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-08-19_07-35-11.jpg?itok=7eIav7Qc\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"da153ae9-b2fe-4a3e-a535-dc7d574e3419\" data-responsive-image-style=\"inline_images\" height=\"289\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-08-19_07-35-11.jpg?itok=7eIav7Qc\" alt=\"\" \/><\/a><\/p>\n<p>Finally, as we have noted numerous times recently, it&#8217;s not crude that is the center of the current crisis but refined products with <strong>fuel prices, especially diesel, having rallied much harder than oil, as the war between Russia and Ukraine has also contributed to tighter energy markets following attacks on refineries<\/strong>.<\/p>\n<p>That\u2019s heaping cost pressure onto drivers, truckers and farmers, as well as overall industry, and leaks into inflationary impacts for the &#8216;average joe&#8217; far quicker.<\/p>\n<p>The margin for making diesel from crude oil in the US has topped $100 a barrel, setting all-time highs. In Europe, gasoil futures have more than doubled this year.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" lang=\"\" class=\"username\" xml:lang=\"\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Wed, 08\/19\/2026 &#8211; 10:41<\/span><img decoding=\"async\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/0%20%2877%29_13.jpg?itok=tO_yETAe\" title=\"WTI Rises As Distillate Stocks Draw, Cushing Back Near &apos;Tank Bottoms&apos;, SPR At 43-Year Lows\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>WTI Rises As Distillate Stocks Draw, Cushing Back Near &#8216;Tank Bottoms&#8217;, SPR At 43-Year Lows Oil prices are chopping sideways (to modestly higher) for the second day in a row\u00a0as traders weighed the &#8216;dark fleet&#8217; transits with renewed tensions in the Middle East further clouding the outlook for flows through the vital Strait of Hormuz.&hellip; <a class=\"more-link\" href=\"https:\/\/buglecall.org\/?p=654630\">Continue reading <span class=\"screen-reader-text\">WTI Rises As Distillate Stocks Draw, Cushing Back Near &#8216;Tank Bottoms&#8217;, SPR At 43-Year Lows<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":654610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[17,22,13],"tags":[],"class_list":["post-654630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-border-security","category-immigration","category-immigration-reform","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/654630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=654630"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/654630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/media\/654610"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=654630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=654630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=654630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}