These results follow a prior crude stock draw of 11.21 million barrels. In contrast to the broader decline in domestic reserves, inventories at the Cushing, Oklahoma storage hub increased by 0.936 million barrels.
Tuesday, October 20, 2026
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US API Crude Stocks Fall 4.93M Barrels to Beat Forecast
Commodities3 hours ago
The American Petroleum Institute released weekly data on Tuesday tracking how US fuel and crude oil reserves shifted over the past seven days. Crude oil reserves fell by 4.93 million barrels, far exceeding the projected loss of 1.3 million barrels, while gasoline and distillate holdings dropped 2.577 million and 2.6 million barrels, respectively.
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