Trackinsight is part of ETF One, the fully integrated ETF platform of Kepler Cheuvreux. Learn more →
Help us improve your experience. Please confirm your investor type:
The ETF Industry Is Evolving Fast
From AI infrastructure to active strategies, the ETF landscape is shifting. Share your perspective in the 7th Annual Global ETF Survey.
Energy stocks pull back on rising U.S. Oil Inventory
Crude oil inventories rose 2.3 million barrels in the week ending October 22nd, more than the expected 1.9 million barrels.
By Rony Abboud
0
- Oil & Gas
Advertisement
Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world’s largest oil consumer. Crude oil inventories rose 2.3 million barrels in the week ending October 22nd, more than the expected 1.9 million barrels. And despite the forecast to drop, gasoline inventories rose by 500,000 barrels and distillate stocks increased by 1 million barrels.
Brent oil futures fell 1.42% to trade at $85.12 a barrel after closing at seven year-high on Tuesday. West Texas Intermediate futures settled 2.35% lower at $82.66 a barrel after gaining around 1% in the previous session.
📊 Share your ETF outlook
From AI infrastructure to active strategies, the ETF landscape is shifting. Share your perspective in the 7th Annual Global ETF Survey and get exclusive early access to the final report.
S&P 500 Energy stocks pulled back by -2.86%, dragging down the broader index from its record highs (-0.51%). ETFs tracking oil commodities and the energy sector tanked, including United States Oil Fund (-2.65%), WisdomTree Brent Crude Oil (-1.61%), VanEck Oil Services ETF (5.05%), SPDR S&P Oil & Gas Exploration & Production ETF (-4.24%), iShares U.S. Energy ETF (-2.15%), iShares Global Energy ETF (-1.94%) and Energy Select Sector SPDR Fund (-2.87%)
Find and compare over 7,000 ETFs with our free tools: 
Interested in seeing lists of top performing ETFs? Check out our new Investing Guides:
- Investing in Gold ETFs
- Investing in Silver ETFs
- Investing in Commodity ETFs
- Investing in Oil ETFs
- Investing in ESG ETFs
More articles
About Trackinsight
Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
Privacy policy | Cookie policy | | Terms of use | Imprint
