US distillate stocks fell to 102.6 million barrels, the lowest level for October in the modern era, as domestic and net export demand exceeded 5.55 million barrels per day. Domestic production averaged 13.679 million barrels per day and total exports hit 11.944 million barrels per day. Refinery utilization stood at 93.5%, though overall figures in the report were skewed by the impact of Hurricane Isaias.
Tuesday, October 20, 2026
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US Petroleum Stocks Fall 13.4M Barrels in Largest Draw Since April
Commodities5 days ago
The EIA reported a decrease of 8.557 million barrels in US crude oil inventories for the week ending Oct. 9, against an expected increase of 150,000 barrels. Combined petroleum stocks, including the Strategic Petroleum Reserve and refined products, fell by 13.384 million barrels to 1,506.999 million barrels, marking the largest weekly commercial draw since April. Gasoline reserves grew by 3.518 million barrels while distillate inventories dropped 2.527 million barrels.
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