U.S. Crude Inventories Fall 8.6 Million Barrels to 415.6 Million

Stocks stood at 415.6 million barrels for the week ended Oct. 9, down 8.6 million barrels, or 2%, from the previous week and 3% below the five-year average.

The figures were released Oct. 15 at noon ET (16:00 UTC). Crude imports declined by 791,000 barrels per day to six million barrels per day, while domestic production fell by 300,000 barrels per day to 13.7 million. Refinery crude inputs rose by 135,000 barrels per day to 16.6 million, and refinery utilization was 93.5%.

Gasoline inventories increased by 3.5 million barrels to 208.3 million, while distillate stocks fell by 2.5 million to 102.6 million. Total commercial petroleum inventories declined by 13.4 million barrels.

Commercial crude stocks had fallen by 3.186 million barrels in the week ended Oct. 2, as detailed in the previous weekly inventory update. The commercial crude tally excludes the Strategic Petroleum Reserve and includes crude at refineries and tank farms, in transit to those facilities or in pipelines.