US Private Survey Reports Massive Unexpected 11.1 Million Barrel Crude Oil Draw

Key Facts

1A private survey reported a massive crude oil draw of 11.1 million barrels, significantly defying expectations of a 1.9 million barrel build.

A private survey reported a massive crude oil draw of 11.1 million barrels in the United States. According to investinglive.com, this data significantly defied market expectations which had anticipated a build of 1.9 million barrels, suggesting tighter supply or higher demand in the US market.

The American Petroleum Institute survey also indicated a 1.5 million barrel drop in distillates alongside a 1.1 million barrel build in gasoline inventories. These figures follow the release of the OPEC Monthly Report on October 13, 2026, as the market continues to assess global production and inventory balances.