Financial News: U.S. Crude Oil Inventories Fall Less Than Expected

U.S. Crude Oil Inventories Fall Less Than Expected

05/28/2026 - 12:05:00 (RTTNews)

(RTTNews) - A report released by the Energy Information Administration on Thursday showed crude oil inventories in the U.S. decreased by less than expected in the week ended May 22nd.

The EIA said crude oil inventories slid by 3.3 million barrels last week after plunging by 7.9 million barrels in the previous week. Economists had expected crude oil inventories to tumble by 5.0 million barrels.

At 441.7 million barrels, U.S. crude oil inventories are about 2 percent below the five-year average for this time of year, the report said.

The report said gasoline inventories also fell by 2.6 million barrels last week and are 6 percent below the five-year average for this time of year.

Distillate fuel inventories, which include heating oil and diesel, also declined by 2.1 million barrels last week and are about 11 percent below the five-year average for this time of year, the EIA said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

New Zealand GDP Data Due On Thursday (01 hr(s), 16 min(s), 12 sec(s) ago)
(RTTNews) - New Zealand will on Thursday release Q1 numbers for gross domestic product, highlighti ...Full Story»

Fed Leaves Interest Rates Unchanged, Officials See Possible Rate Hike This Year (04 hr(s), 49 min(s), 12 sec(s) ago)
(RTTNews) - Following Kevin Warsh's first monetary policy meeting as Federal Reserve chairman, ...Full Story»

U.S. Business Inventories Increase In Line With Estimates In April (07 hr(s), 31 min(s), 12 sec(s) ago)
(RTTNews) - Business inventories in the U.S. increased in line with economist estimates in the mon ...Full Story»

U.S. Pending Home Sales Spike Much More Than Expected In May (08 hr(s), 0 min(s),12 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Wednesday showed a substa ...Full Story»

U.S. Crude Oil Inventories Plunge Much More Than Expected (08 hr(s), 40 min(s), 12 sec(s) ago)
(RTTNews) - A report released by the Energy Information Administration on Wednesday showed crude o ...Full Story»

Malta HICP Inflation Eases To 15-month Low (09 hr(s), 20 min(s), 12 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation moderated in May to the lowest level in more than ...Full Story»

U.S. Retail Sales Growth Exceeds Estimates In May (09 hr(s), 33 min(s), 12 sec(s) ago)
(RTTNews) - Retail sales in the U.S. increased by much more than expected in the month of May, acc ...Full Story»

U.S. Retail Sales Climb Much More Than Expected In May (10 hr(s), 38 min(s), 12 sec(s) ago)
(RTTNews) - Retail sales in the U.S. increased by much more than expected in the month of May, acc ...Full Story»