{
  "id": 6611120,
  "title": "U.S. Crude Inventories Fall As Brent Prices Soar",
  "url": "https://urgent.news/2026/09/10/u-s-crude-inventories-fall-as-brent-prices-soar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T16:14:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Energy/Crude-Oil/US-Crude-Inventories-Fall-As-Brent-Prices-Soar.html"
  },
  "original_language": "en",
  "account": "Crude oil reserves in the United States dropped by 400,000 barrels over the week concluding September 4, as indicated by recent data from the U.S. Energy Information Administration (EIA). This reduction brings the total inventory to 424.1 million barrels, aligning with the average for the same period over the past five years. The government's latest report coincides with an earlier statement from the American Petroleum Institute (API), which also noted a decline of 300,000 barrels in the same timeframe. In New York, crude futures were trading at $1,150 per barrel as of 11:00 a.m., marking a $4.79 increase, representing a 4.73% rise for the day. Brent futures were also trading at $106 per barrel, up $4.79, or 4.73%, from the previous day but approximately $12 higher than the same period last week. Meanwhile, WTI crude futures saw a similar upward trend, increasing by $4.45, or 4.63%, to $100.50 per barrel on Thursday morning, reflecting a $11 gain since the same time last week. The EIA reported that total motor gasoline inventories rose by 1.3 million barrels, following a 1.2 million barrel decrease the previous week. The most recent figures showed that daily gasoline production averaged 9.3 million barrels. For middle distillates, inventories climbed by 2.1 million barrels, with production rising to an average of 5.3 million barrels daily. However, distillate inventories are currently 13% below their five-year average. Total products supplied, a measure of U.S. oil demand, averaged 20.1 million barrels per day over the last four weeks, a 3.7% decline compared to the same period last year. Gasoline demand averaged 8.8 million barrels daily over the past four weeks, while distillate demand stood at 3.7 million barrels, marking a 2.6% year-over-year decrease.",
  "summary": "Crude oil inventories in the United States saw a decrease of 400,000 barrels during the week ending September 4, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The decrease brings commercial stockpiles to 424.1 million barrels, according to government data, which are now on par with 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."
}