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Wednesday, October 21, 2026Updated 19:26 UTC

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EIA Says US Crude Inventories Sink Further

Source: OilPrice.com · Oct 21, 2026 14:39 UTC

Aerial view of refinery storage tanks near Houston on the Gulf coast — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Crude oil inventories in the United States saw a decrease of 3.1 million barrels during the week ending October 16, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 412.5 million barrels, according to government data, which is now 3% below the five-year average for this time of year. The EIA’s data relea

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