US EIA Distillate Stock Change: -3.565M Barrels vs -850K Expected

The scale of the miss against consensus is the real signal here: a draw more than four times the expected figure suggests refined product supply is tightening faster than the market had positioned for. Distillates sit at the intersection of freight, heating and industrial demand, so this feeds directly into diesel-linked cost pressure well beyond the crude complex. Whether the consecutive weekly drawdowns extend into a trend or prove a one-off inventory quirk is the open question worth watching.