EIA Cushing Crude Oil Stocks Change comes in at -0.674M against 0.992M consensus

The EIA Cushing Crude Oil Stocks Change for July 22, 2026, came in at -0.674M. This figure was significantly below the consensus expectation of 0.992M, representing a surprise of -167.9%. The previous reading was 0.43M.

Following the release, market reactions across major pairs have been varied and generally modest within the first 15 minutes. AUDUSD moved up +2.7 pips, while EURUSD was down -0.5 pips and GBPUSD was down -2.8 pips. NZDUSD saw a +1.9 pip increase. USDCAD moved up +2.8 pips, USDCHF was up +2.2 pips, and USDJPY was down -2.1 pips. For most pairs, these movements are currently small when compared to their median 1-hour moves, which typically range from 6 to 11 pips after similar releases. XAUUSD, however, saw a move of +46 pips, which is comparable to its top-quarter releases, typically moving 45+ pips, and above its median 1-hour move of 22 pips.