US Crude Stockpiles Rise 9M Barrels, API Reports

Key Facts

The American Petroleum Institute (API) reported a 9 million barrel increase in U.S. crude oil stockpiles for the week ending November 6, 2026. Seeking Alpha reported that this build follows a 5.3 million barrel decrease in the previous week, while gasoline inventories remained flat.

The reported build significantly exceeded expectations of a 1 million barrel draw, highlighting a shift from typical seasonal patterns. This data follows economic releases on November 10, 2026, which showed the U.S. monthly inflation rate at 0.4%, and the Atlanta Fed's GDPNow estimate which stood at 3.5% on November 9, 2026.

The market is awaiting the official EIA Weekly Petroleum Report scheduled for November 12, 2026, to confirm these inventory levels. Additionally, the OPEC Monthly Report is due on November 11, 2026, which may provide further context on global supply and demand dynamics.