Gasoline and distillate inventories also saw declines, with gasoline dropping 2 million barrels and distillate falling 2.6 million barrels. These reductions bring inventories closer to five-year averages, signaling potential tightening in the refining sector. Cushing inventory, a key hub for WTI crude, gained 900,000 barrels, continuing a trend of fluctuation that impacts futures pricing.
October 20, 2026
US Crude Inventories Drop, SPR Draws Continue
US crude oil inventories fell by 4.93 million barrels, marking a second consecutive week of declines.
Impact
The ongoing drawdown in crude and product inventories may influence short-term price movements and signal potential supply-side adjustments in the coming weeks.