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Energy · October 22, 2026 · 1 min read

EIA: US crude stocks fell 3.1 million barrels last week, triple the expected draw

By Econ Data Tools Editorial Team

Published October 22, 2026 • Updated October 22, 2026

Reviewed by Instinct source QC

US commercial crude oil inventories fell by 3.06 million barrels to 412.5 million in the week ended October 16, 2026, the Energy Information Administration reported on October 21, a draw more than triple the 820,000 barrels analysts expected. Gasoline stocks fell 2.95 million barrels while distillates rose 1.68 million against forecasts of a decline.

US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, fell by 3.06 million barrels to 412.5 million barrels in the week ended October 16, 2026, the Energy Information Administration said in its Weekly Petroleum Status Report released October 21. The draw was more than triple the roughly 820,000-barrel decline analysts had projected. Commercial crude stocks stand 10.3 million barrels, or 2.4%, below the same week a year ago. Total motor gasoline inventories fell by 2.95 million barrels to 205.3 million barrels, against expectations of a 443,000-barrel draw, leaving gasoline stocks 5.2% below year-ago levels. Distillate fuel oil stocks, which include diesel and heating oil, rose by 1.68 million barrels to 104.3 million barrels, defying forecasts of a 1.16 million-barrel decline; distillates remain 9.7% below the same week last year. Crude stocks at the Cushing, Oklahoma delivery hub rose by 987,000 barrels. Refinery crude runs increased by 34,000 barrels per day while utilization rates slipped 0.1 percentage point to 93.4% of operable capacity. Net US crude imports rose by 837,000 barrels per day on the week. The Strategic Petroleum Reserve edged down by 0.3 million barrels to 282.7 million barrels, 30.8% below its year-ago level. Total US petroleum stocks, including the SPR, stood at 695.2 million barrels, down 3.4 million on the week.

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