EIA: US crude oil inventories down 1.9 million bbl

Oil & Gas Journal · 2026-10-28 00:00 UTC

At 410.6 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. 23, excluding the Strategic Petroleum Reserve, decreased by 1.9 million bbl from the previous week, according to data from the US Energy Information Administration (EIA).

At 410.6 million bbl, US crude oil inventories are 4% below the 5-year average for this time of year, the EIA report indicated.

Gasoline inventories increased 3.9 million bbl, 2% below the 5-year average. Propane-propylene inventories decreased 100,000 bbl, 12% above the 5-year average. Total commercial petroleum inventories decreased by 3.0 million bbl for the week. Distillate inventories decreased 1.5 million bbl, 10% below the 5-year average.

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