Financial News: U.S. Crude Oil Inventories Decrease More Than Expected,

U.S. Crude Oil Inventories Decrease More Than Expected, Extending Recent Slump

10/21/2026 - 10:36:00 (RTTNews)

(RTTNews) - The Energy Information Administration released a report on Wednesday showing an extended slump in U.S. crude oil inventories in the week ended October 16th.

The report said crude oil inventories fell by 3.1 million barrels last week after tumbling by 8.6 million barrels in the previous week. Economists had expected crude oil inventories to dip by 0.8 million barrels.

At 412.5 million barrels, U.S. crude oil inventories are 3 percent below the five-year average for this time of year, the EIA said.

The EIA said gasoline inventories also decreased by 3.0 million barrels last week and are 5 percent below the five-year average for this time of year.

Meanwhile, distillate inventories, which include heating oil and diesel, rose by 1.7 million barrels last week but remain 9 percent below the five-year average for this time of year, the report said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Home Loan Data Due On Wednesday (16 min(s), 23 sec(s) ago)
(RTTNews) - Australia will on Wednesday release Q3 figures for home loans, highlighting a light da ...Full Story»

Ten-Year Note Auction Attracts Below Average Demand (04 hr(s), 37 min(s), 23 sec(s) ago)
(RTTNews) - A day after revealing this month's auction of $58 billion worth of three-year note ...Full Story»

U.S. Consumer Prices Climb 0.4% In October, More Than Expected (08 hr(s), 02 min(s), 23 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. increased by more than expected in the month of October, a ...Full Story»

Latvia Inflation Eases Slightly To 3.1% (08 hr(s), 21 min(s), 23 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation moderated marginally in October after remaining ...Full Story»

U.S. Consumer Prices Climb More Than Expected In October (09 hr(s), 07 min(s), 23 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. increased by more than expected in the month of October, a ...Full Story»

Denmark Inflation Remains Stable At 2.2% (10 hr(s), 18 min(s), 23 sec(s) ago)
(RTTNews) - Denmark's consumer price inflation held steady in October, data published by Stati ...Full Story»

Sweden Industrial Production Contracts 3.7% (10 hr(s), 30 min(s), 23 sec(s) ago)
(RTTNews) - Sweden's industrial output declined for the first time in three months in Septembe ...Full Story»

Czechia Inflation Confirmed At 2.4% (11 hr(s), 34 min(s), 23 sec(s) ago)
(RTTNews) - Czechia's consumer price inflation moderated as estimated initially in October fro ...Full Story»