US Crude Stockpiles Decline for 4th Week

2026-05-12 23:10 By Joshua Ferrer 1 min. read

US crude oil inventories fell by 2.19 million barrels in the week ended May 8, 2026, marking a fourth straight weekly decline and surpassing expectations for a 1.65 million-barrel draw, according to the American Petroleum Institute.

Gasoline inventories unexpectedly increased by 0.50 million barrels, the first build in four weeks, after a sharp 6.1 million-barrel decline in the previous week.

According to the latest EIA data, gasoline stockpiles were already 4% below the five-year seasonal average as of last week.

Distillate inventories, which include diesel and heating oil, declined by 0.32 million barrels, extending their downward streak to six consecutive weeks.

Distillate stockpiles were also running 11% below the five-year average as of the previous week.

Meanwhile, Cushing inventories, the stockpiles held at the delivery hub for WTI crude futures, were not yet available.



News Stream
US Crude Stockpiles Decline for 4th Week
US crude oil inventories fell by 2.19 million barrels in the week ended May 8, 2026, marking a fourth straight weekly decline and surpassing expectations for a 1.65 million-barrel draw, according to the American Petroleum Institute. Gasoline inventories unexpectedly increased by 0.50 million barrels, the first build in four weeks, after a sharp 6.1 million-barrel decline in the previous week. According to the latest EIA data, gasoline stockpiles were already 4% below the five-year seasonal average as of last week. Distillate inventories, which include diesel and heating oil, declined by 0.32 million barrels, extending their downward streak to six consecutive weeks. Distillate stockpiles were also running 11% below the five-year average as of the previous week. Meanwhile, Cushing inventories, the stockpiles held at the delivery hub for WTI crude futures, were not yet available.
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