EIA Crude Oil Stocks Change comes in at -4.45M against 5.822M consensus

The EIA Crude Oil Stocks Change for the week ending September 2, 2026, registered a draw of -4.45M barrels. This figure significantly diverged from the consensus expectation of a 5.822M barrel build. The actual print represents a -176.4% surprise compared to the consensus, following the previous week’s reported change of 0.095M barrels.

Following the release, market reactions across major currency pairs and gold have been observed. Fifteen minutes after the data, USDCAD moved -16 pips, while XAUUSD moved -27 pips. USDJPY saw a +5.2 pips move. Other pairs showed more modest shifts, with AUDUSD up +1.5 pips, NZDUSD up +1.9 pips, EURUSD down -1.2 pips, GBPUSD down -1.0 pips, and USDCHF down -2.5 pips. For USDCAD, this -16 pips move is approaching its median 1-hour move of 10 pips. XAUUSD’s -27 pips move is somewhat larger than its median 1-hour move of 22 pips. For most other pairs, the measured moves so far are relatively small compared to their typical median 1-hour movements, such as AUDUSD’s median of 7 pips and EURUSD’s median of 8 pips.