US Crude Oil Inventories Rise for 5th Week

US crude inventories rose by 6.926 million barrels to 456.2 million barrels in the week ended March 20, compared with market expectations for a 0.5 million-barrel rise and marking the fifth consecutive weekly increase. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 3.421 million barrels, the most since January 2023. Also, distillate stockpiles, which include diesel and heating oil, rose by 3.032 million barrels in the week to 119.9 million barrels, versus expectations for a 1.3 million-barrel drop. On the other hand, US gasoline stocks fell by 2.593 million barrels in the week to 241.4 million barrels, compared with analysts' expectations for a 2.1 million-barrel draw.

US crude inventories increased by 6.16 million barrels to 449.3 million for the week ending March 13th, 2026, surpassing forecasts of a 0.4 million-barrel rise and marking the fourth consecutive weekly increase. At the Cushing, Oklahoma delivery hub, crude stocks climbed by 944,000 barrels. Refinery activity picked up, with crude runs rising 63,000 barrels per day and utilization rates increasing 0.6 percentage points to 91.4%. Distillate inventories, including diesel and heating oil, fell by 2.5 million barrels to 116.9 million, steeper than the expected 1.5 million-barrel drop. US gasoline stocks also declined by 5.4 million barrels to 244.1 million, exceeding the anticipated 1.6 million-barrel decrease.

US crude inventories increased by 3.824 million barrels to 443.1 million for the week ending March 6, 2026, surpassing forecasts of a 1.1 million-barrel rise and marking the third consecutive weekly increase. At the Cushing, Oklahoma delivery hub, crude stocks climbed by 117,000 barrels. Refinery activity picked up, with crude runs rising 328,000 barrels per day and utilization rates increasing 1.6 percentage points to 90.8%. Distillate inventories, including diesel and heating oil, fell by 1.3 million barrels to 119.4 million, steeper than the expected 0.7 million-barrel drop. US gasoline stocks also declined by 3.7 million barrels to 249.5 million, exceeding the anticipated 2.6 million-barrel decrease.