
EIA Crude Inventories Draw 0.4M vs Forecast 1.4M Draw
EIA crude inventories drew 0.4M for the week ending September 4, versus a 1.4M draw forecast and a 4.5M prior draw — a smaller-than-expected decline.
WTI trades around $91.15 on Monday — its highest since July 24 — as Middle East supply risks stay elevated after weekend US–Iran attacks. Hormuz is not reopened; OPEC+ held October policy.

West Texas Intermediate trades around $91.15 per barrel on Monday — its highest level since July 24 — as weekend US–Iran attacks add to Middle East supply concerns.
CENTCOM said it struck three Iranian vessels (near Kharg, near Jask, and an empty tanker in the Gulf of Oman) after Iranian missile attacks on US Navy ships — that weekend tanker thread sits on a separate tanker note.
Al Jazeera reported Iran’s Mohsen Rezaei saying Tehran will declare a restricted zone near the Strait of Hormuz and announce a new shipping route agreed with Oman in the coming days — attributed Iranian claims on that page. Hormuz is not reopened.
The Financial Times Monday Aramco Jizan hit is covered separately at Aramco Jizan. OPEC+ kept October policy unchanged on Sunday.
This is a separate late-session URL from WTI EU ~$89.50 and Asian WTI/OPEC.
Qatari LNG tanker Al Marrouna’s rare Hormuz exit attempt is a separate laden-LNG tape — distinct from this tanker / WTI / Basra / Jizan note. Hormuz is not reopened.
WTI’s Asian slip to ~$90.40 / below $90.50 is a separate Tuesday Asia tape — distinct from Monday’s $91.15 / Jizan / Al Marrouna / tanker notes. Hormuz is not reopened.
USD/INR’s Tuesday recover near 94.68 on the oil rally is a separate session tape — distinct from Monday’s INR open / WTI notes.
USD/CAD’s slip near 1.3780 as oil lifts the loonie is a separate European-session tape — distinct from this WTI / tanker note. Hormuz is not reopened.
Kuwait’s ~1M b/d export recovery via Hormuz and STS is a separate Gulf-flow tape — distinct from this Basra / LNG / WTI / CAD / tanker note. Hormuz is not reopened.
Also see: WTI Advances Above $92.00, Highest Since July 23, as Hormuz Tensions Stoke Supply Concerns.
Also see: CENTCOM Destroys 5 More IRGC Crude Carriers After Missile Attacks on US Warship.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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EIA crude inventories drew 0.4M for the week ending September 4, versus a 1.4M draw forecast and a 4.5M prior draw — a smaller-than-expected decline.

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