The calendar, the numbers, and what moved.

US crude oil inventories fell by 1.9 million barrels in the week reported, released Wednesday 28 October 2026 at 14:30 GMT. That compared with a consensus forecast of a 0.3 million barrel draw and followed a 3.06 million barrel decline the prior week.

The reported fall was 1.6 million barrels larger than forecast, pointing to a steeper drop in stockpiles than markets had anticipated.

In the 30 minutes that followed, currency and equity markets showed only modest moves. EUR/USD rose 7 pips from 1.1131 to 1.1138, while GBP/USD gained 9 pips to 1.3300. USD/JPY edged down 4 pips to 158.16.

Gold futures were little changed, slipping 0.01% to 4054.60, while S&P 500 E-mini futures eased 0.06% to 7762.25, trading within a range of 7759.25 to 7771.25.

Crude oil inventory data is watched for signals on US energy demand and supply balances, which can influence oil-sensitive currencies and broader risk sentiment, though the moves following this release were limited across the markets Praevis tracks.

Moves: last price before the release to the price 30 minutes later, from 1-minute data (Yahoo Finance); S&P 500 = E-mini futures, gold = COMEX futures.