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Energy · November 5, 2026 · 2 min read

EIA reports a 0.9 million-barrel commercial crude draw for October 30 week

By Econ Data Tools Editorial Team

Published November 5, 2026 • Updated November 5, 2026

Commercial crude stocks fell to 409.8 million barrels excluding the SPR. Refinery inputs increased, but inventory data alone do not establish a future inflation or Fed-policy outcome.

The U.S. Energy Information Administration reported in its November 4 weekly release that commercial crude oil inventories, excluding the Strategic Petroleum Reserve, fell by about 0.9 million barrels in the week ending October 30. Stocks stood at 409.8 million barrels, about 4% below the five-year average for that time of year. The detailed stocks table puts commercial inventories at 409.760 million barrels, down from 410.625 million the previous week. Its reported weekly change is a decrease of 0.865 million barrels. These figures exclude the SPR; they should not be confused with the table's broader crude total that includes reserve holdings. Regional changes were mixed. The Gulf Coast reported a 0.585 million-barrel decline and the Rocky Mountain region a 0.910 million-barrel decline, while West Coast stocks rose by 0.614 million barrels. EIA warns that totals may not equal the sum of components because of independent rounding. Refineries processed an average of 16.7 million barrels per day, up 199,000 barrels per day from the prior week, at 94.5% capacity utilization. Those are daily processing rates and a utilization measure, not additional end-of-week inventory volumes. Crude imports averaged 6.4 million barrels per day, down 1,000 barrels per day. The summary also reports gasoline inventories down 0.2 million barrels and distillate inventories down 3.6 million barrels. Total commercial petroleum inventories fell by 8.2 million barrels. That broader petroleum measure includes more products than commercial crude alone. Over the past four weeks, total product supplied averaged 21.2 million barrels per day, up 4.2% from a year earlier. A weekly stock draw is not proof of an imminent fuel-price rise, a new CPI reading or a Federal Reserve decision. The report records petroleum balances; it does not establish the draft's broader monetary-policy conclusions.

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