US Crude Oil Stocks Unexpectedly Fall: EIA

US crude stocks fell by 3.455 million barrels in the week ended January 30, 2026, the most since October and more than market expectations for a 2 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub decreased by 743 thousand barrels in the week. Distillate stockpiles, which include diesel and heating oil, tumbled 5.553 million barrels, the most since 2021. On the other hand, gasoline stocks rose by 685 thousand barrels.

US crude stocks fell by 2.296 million barrels in the week ended January 23, 2026, compared with market expectations for a 1.75 million-barrel build. Crude stocks at the Cushing, Oklahoma, delivery hub decreased by 278 thousand barrels in the week. On the other hand, gasoline stocks rose by 224 thousand barrels, below forecasts for a 1.3 million-barrel build. Distillate stockpiles, which include diesel and heating oil, increased 329 thousand barrels, versus expectations for a 0.55 million-barrel drop.

US crude stocks rose by 3.602 million barrels in the week ended January 16, 2026, compared with market expectations for a 1.1 million-barrel build. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.478 million barrels in the week, the most since August 2025. Also, gasoline stocks rose by 5.977 million barrels, well above forecasts for a 1.7 million-barrel build. Distillate stockpiles, which include diesel and heating oil, were increased 3.348 million barrels, versus expectations for a 0.2 million-barrel drop.