EIA: US crude oil inventories down 900,000 bbl

Oil & Gas Journal · 2026-11-04 00:00 UTC

At 409.8 million bbl, US crude oil inventories are 4% below the 5-year average for this time of year, the EIA report indicated.

US crude oil inventories for the week ended Oct. 30, excluding the Strategic Petroleum Reserve, decreased by 900,000 bbl from the previous week, according to data from the US Energy Information Administration (EIA).

At 409.8 million bbl, US crude oil inventories are 4% below the 5-year average for this time of year, the EIA report indicated.

Gasoline inventories decreased 200,000 bbl, 2% below the 5-year average. Propane-propylene inventories decreased 1.6 million bbl, 10% above the 5-year average. Total commercial petroleum inventories decreased by 8.2 million bbl for the week. Distillate inventories decreased 3.6 million bbl, 13% below the 5-year average.

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