US Total Crude Oil Stocks Fell in Week Ended Oct. 2
MT newswire2026/10/07 14:4810:48 AM EDT, 10/07/2026 (MT Newswires) -- US crude oil stocks, including those in the Strategic Petroleum Reserve, declined by 4.0 million barrels in the week ended Oct. 2 following an increase of 100,000 barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks decreased by 3.2 million barrels after a 900,000-barrel gain in the previous week, compared with the 1.9-million-barrel increase expected in a survey compiled by Bloomberg. Stocks in the SPR fell by 800,000 barrels in the week after a matching decline in the previous week. Overall crude oil stocks were down 0.6% from the previous week and 14.5% lower than a year earlier. Crude oil inventories are about 1% above the five-year average for this time of the year. Gasoline stocks rose by 400,000-barrels, compared with the 1.6-million-barrel decrease expected. Gasoline stocks were up 0.2% from the previous week, but down 6.5% from a year earlier. Distillate stocks were unchanged in the current week, compared with an expected decrease of 1.5 million barrels. Distillate stocks were 13.5% lower than in the same week a year ago. Refineries operated at 92.7% of their capacity, up from 92.5% in the previous week.
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