The overall decrease in stocks occurred despite a rise in reserves at the Cushing, Oklahoma storage hub, where holdings increased by 1.823 million barrels.
Wednesday, October 21, 2026
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US API Crude Inventories Drop 11.12M Barrels Against Build Forecast
Commodities6 days ago
The American Petroleum Institute released figures for national crude oil reserves that countered trader expectations for the week ending October 14. Total inventories decreased by 11.12 million barrels, defying a forecast of a 1.9 million barrel build and following a previous draw of 2.09 million barrels.
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