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US crude and distillate stocks fall, supporting oil prices near $90 amid strong refinery demand and job growth.

Market News
06 Nov 2026, 17:54 WIB
FXEmpire
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Neutral
US crude and distillate stocks fall, supporting oil prices near $90 amid strong refinery demand and job growth.

US crude oil and distillate inventories declined significantly, with distillates 11% below last year, indicating tighter supply. Refinery demand remains strong, processing over 16 million barrels daily, while job growth in the US suggests sustained fuel demand. WTI crude trades near $90, facing resistance at $93.91, with market sentiment neutral but leaning bullish on dips. Brent crude faces similar dynamics, influenced by Middle East supply disruptions and global inventory draws, trading near $98 with key resistance at $100. The upcoming EIA reports will be crucial to confirm ongoing supply-demand trends.

Crude oil supply risks and inventory trends provide context for the following market snapshot. For readers following energy-sector stocks on Pluang as of Nov 06, 2026 22:41 WIB: out of 79 priced US energy stocks, 51 rose and 27 fell. Notable movers include FSLR at USD 203.38 (+3.89%, 44% Sell / 56% Buy, typical hold time 77 days), NXT at USD 103.43 (+3.87%, 17% Sell / 83% Buy, typical hold time 5 days), and UEC at USD 6.75 (+3.85%, 54% Sell / 46% Buy, typical hold time 42 days).

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