
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 turns near $89.50 in European trade Monday (chart ~$89.74, intraday high $91.09) despite Hormuz supply risks. OPEC+ held October policy; Hormuz is not reopened.

West Texas Intermediate turns near $89.50 in the European session on Monday, even as Hormuz supply risks stay in play. The same page’s daily-chart stamp is about $89.74. Intraday high on the page: $91.09.
Weekend tanker strikes around Hormuz and Tehran’s plans to enforce a restricted zone outside the strait — putting vessels in the Gulf of Oman at risk, ING on this wire — keep the geopolitical bid. OPEC+ kept October policy unchanged on Sunday. Hormuz is not reopened.
This is a separate European-session URL from Monday Asian WTI near $90 / OPEC+ and the tanker note.
Saudi Aramco’s Jizan facilities hit Monday, WTI above $90 is a separate Red Sea–adjacent strike tape — distinct from this Hormuz tanker / WTI session note. Hormuz is not reopened.
Iraq’s Basra sales struggle after SOMO cut discounts $9–$10/bbl is a separate Monday oil note — Hormuz is not reopened.
WTI’s climb to $91.15, highest since July 24 is a separate late-session tape — distinct from this EU/Asian WTI / Jizan / tanker note. Hormuz is not reopened.
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.

WTI jumps toward $97.00 (+2.93%) as US–Iran escalation lifts the supply-risk premium. Reuters: Iran hit 10 ships near Hormuz after the US sank five Iranian tankers; Houthi hits on Saudi energy facilities.

Lagarde says inflation stays well above target into 1H27 and returns around target toward end-2027, with longer-term expectations near 2%. Data-dependent stance; further tightening may follow. Soft ECB print + EUR post-print — PC≠hike reprint.