Rory Johnston: Major correction to reported U.S. crude, Cushing, gasoline, and distillate figures

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11.11.2026

Rory Johnston: Major correction to reported U.S. crude, Cushing, gasoline, and distillate figures — Correction to U.S. crude inventory data

A significant correction has been issued to previously reported U.S. inventory figures: crude stocks increased by 9.0 million barrels, Cushing inventories rose by 182,000 barrels, gasoline inventories were up by 4,000 barrels, and distillate stocks grew by 1.5 million barrels.

Rory Johnston apologized for sharing the earlier incorrect API numbers, clarifying that the error was not due to Julianne but stemmed from another source.

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Rory Johnston previously observed a bearish divergence between prompt Brent crude futures prices and their timespreads. In a separate update, he noted that crude oil prices rebounded after an initial decline. Both developments highlight Johnston’s ongoing monitoring of crude inventory and price dynamics.

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