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US oil inventories rise but fuel tightness and OPEC+ discipline keep prices supported.

Market News
05 Oct 2026
FXEmpire
View Source
Neutral
US oil inventories rise but fuel tightness and OPEC+ discipline keep prices supported.

US crude oil inventories increased by 922,000 barrels to 427.3 million, while distillate stocks, including diesel, fell by 2.3 million barrels, indicating tighter refined fuel supplies. OPEC+ maintained November production targets, balancing supply availability with ongoing refining and transport constraints. Middle East oil exports recovered close to pre-war levels despite logistical challenges from attacks and insurance costs. In natural gas, record US production and strong LNG exports keep supply balanced, with prices showing a cautious bullish trend above $3.00. Overall, oil market fundamentals reflect a mix of improved crude supply but continued pressure on refined fuels and logistical hurdles.

The natural gas and oil market forecast provides context with Pluang's Energy sector data. Of 38 priced US Energy stocks on Pluang, 12 rose and 26 fell. Notable movers include PBR at USD 22.51 (+3.97%), CVE at USD 32.29 (+3.89%), and PSX at USD 263.67 (+3.27%). This snapshot is as of Oct 05, 2026 13:41 WIB.

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