U.S. Crude Inventories Fall More Than Expected, But Rise 16 Million Barrels YTD
API data showed a larger-than-expected draw in U.S. crude stocks. Gasoline inventories built while distillate stocks declined.
marketwatch.comS. 75 million barrels in the week ending May 29, the American Petroleum Institute estimated. 8 million barrel drop the prior week.
Crude inventories have risen by 16 million barrels so far in 2026 despite the recent weekly declines, according to API data. S. 1 million barrels.
The SPR level is the lowest since January 2024 and stands 368 million barrels below maximum capacity. S. 702 million barrels per day the week before and 314,000 barrels per day higher than a year earlier, Energy Information Administration data showed.
Gasoline stocks remained 6 percent below the five-year average for this time of year, according to EIA data.
Distillate stocks were 11 percent below the five-year average as of the week ending May 22. m.
12 percent on the day. 12 percent.
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