US Crude Oil Inventories Fall Less than Expected

2026-05-06 14:35 By Agna Gabriel 1 min. read

US crude inventories fell by 2.314 million barrels to 457.2 million barrels in the week ended May 1, compared with expectations for a 3.3 million barrel draw.

Stocks at the Cushing, Oklahoma hub decreased by 648,000 barrels.

Refinery activity decreased, with crude runs falling by 42,000 barrels per day and utilisation rates down 0.5 percentage points.

Fuel stocks also tightened.

Gasoline inventories dropped by 2.504 million barrels to 219.8 million, exceeding forecasts for a 2.1 million barrel decline.

Distillate stocks, including diesel and heating oil, fell by 1.294 million barrels to 102.3 million, below expectations for a 2.4 million barrel draw.

Net US crude imports rose by 1.415 million barrels per day over the week.



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