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US Total Crude Oil Stocks Decline in Week Ended Oct. 9

US Total Crude Oil Stocks Decline in Week Ended Oct. 9

MT newswireMT newswire2026/10/15 16:07
12:07 PM EDT, 10/15/2026 (MT Newswires) -- US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 8.6 million barrels in the week ended Oct. 9 following a decrease of 4.0 million barrels in the previous week. Commercial crude oil stocks, which exclude holdings in the SPR, accounted for the entire decline of 8.6 million barrels after a 3.2-million-barrel drop in the previous week, compared with a 150,000-barrel increase expected in a survey compiled by Bloomberg. Stocks in the SPR held steady in the week after falling by 800,000 in the previous week. Overall crude oil stocks were down 1.2% from the previous week and were down 16% from a year earlier. Crude oil inventories are about 3% below the five-year average for this time of the year. Gasoline stocks rose by 3.5 million barrels, larger than the 911,000-barrel decrease expected. Gasoline stocks were up 1.7% from the previous week, but down 4.8% from a year earlier. Distillate stocks declined by 2.5 million barrels in the current week, compared with an expected decrease of 1.7 million barrels. Distillate stocks were down 2.4% from the previous week and 12.3% lower than in the same week a year ago. Refineries operated at 93.5% of their capacity, up from 92.7% in the previous week.
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