CommoditiesMedium•6 October 2026•
1 min read
US Crude Inventories Fall by 2.09 Million Barrels, API Estimates Show
Key Facts
1The American Petroleum Institute estimated a 2.09 million barrel draw in US crude oil inventories for the week ending Oct 2.
2An additional 800,000 barrels were released from the Strategic Petroleum Reserve during the same week.
The American Petroleum Institute estimated a 2.09 million barrel draw in US crude oil inventories for the week ending October 2, 2026. According to oilprice.com, an additional 800,000 barrels were released from the Strategic Petroleum Reserve during the same period to supplement commercial inventory levels.
The draw follows a volatile period for energy stocks, with commercial inventories losing more than 38 million barrels over the last 25 weeks despite remaining up for the year overall. While gasoline stocks fell by 1.37 million barrels, distillate inventories saw a modest increase of 461,000 barrels during the same reporting week.