{
  "id": 14739670,
  "title": "EIA Says US Crude Inventories Down Nearly 9 Million Barrels",
  "url": "https://urgent.news/2026/10/15/eia-says-us-crude-inventories-down-nearly-9-million-barrels",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T16:09:12.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Energy/Crude-Oil/EIA-Says-US-Crude-Inventories-Down-Nearly-9-Million-Barrels.html"
  },
  "original_language": "en",
  "account": "The U.S. Energy Information Administration reported on Thursday that crude oil inventories in the country fell by 8.6 million barrels during the week ending October 9. This brings the commercial stockpiles to 415.6 million barrels, which is 3% higher than the five-year average for this period. This data follows closely on the heels of figures released by the American Petroleum Institute the previous day, which showed a 11.12 million barrel decrease in the same timeframe. As of 12:00 p.m. in New York, crude futures were trading at $1124, while Brent futures were at $105.72 per barrel, down $0.34 or 0.32% from the day's open but up around $4 per barrel compared to the same time last week. In comparison, WTI was up by $1.92 per barrel or 2.02% to $97.01, marking a $7 per barrel increase since this same time last week. Total motor gasoline inventories rose by 3.5 million barrels, after a 400,000 barrel increase the week before. Average daily gasoline production was 9.2 million barrels. Middle distillates saw a 2.5 million barrel decrease in inventories, with production averaging 5.2 million barrels daily, which is 12% below the five-year average. Total products supplied, a measure of U.S. oil demand, averaged 21.1 million barrels per day over the last four weeks, up 2% compared to the same period last year. Gasoline demand over the same period was 8.7 million barrels per day, while distillate demand averaged 4.0 million barrels, a decrease of 0.2% year over year.",
  "summary": "Crude oil inventories in the United States saw a decrease of 8.6 million barrels during the week ending October 9, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The decrease brings commercial stockpiles to 415.6 million barrels, according to government data, which is now 3% above the five-year average for this time of year. The EIA’s data…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}