EIA Cushing Crude Oil Stocks Change comes in at 0.43M against 0.557M consensus

The EIA Cushing Crude Oil Stocks Change for July 15, 2026, came in at 0.43M. This figure was below the consensus expectation of 0.557M, representing a surprise of -22.8%. The previous reading was -0.052M.

Following the release, market reactions were observed across major pairs. Fifteen minutes after the data, GBPUSD showed the largest move among the majors, rising by +21 pips. This move exceeds its typical median 1-hour move of 11 pips and is above its top-quarter threshold of 19+ pips. EURUSD moved +6.2 pips, while AUDUSD gained +2.4 pips and NZDUSD gained +1.9 pips. USDCAD declined by -2.2 pips, USDCHF by -4.1 pips, and USDJPY by -3.5 pips. Gold, XAUUSD, was up +3.6 pips after 15 minutes. For most pairs, the measured moves after 15 minutes were relatively small compared to their median 1-hour moves, such as EURUSD’s +6.2 pips compared to its median 1-hour move of 8 pips, or XAUUSD’s +3.6 pips compared to its median 1-hour move of 22 pips.