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EIA Report Flashback: US Crude Stocks Rose 3.7 Million Barrels in October 2026 as Fuel Demand Hit a Multi-Year High, and Why Today’s Oil Market Looks So Different

US Crude Stocks Rose 3.7 Million Barrels in October 2026 as Fuel Demand Hit a Multi-Year High, and Why Today's Oil Market Looks So Different

US government’s weekly oil report told a story that now feels like it belongs to another market. For the week ending October 3, 2026, the Energy Information Administration (EIA) reported that commercial crude inventories rose by 3.7 million barrels, more than analysts expected, while total petroleum products supplied climbed to 21.990 million barrels per day, … Read more

US Crude Inventories Fall 3.2 Million Barrels, Defying Forecasts for a Build, as Refiners Run Hot Ahead of Gulf Storm

US Crude Inventories Fall 3.2 Million Barrels, Defying Forecasts for a Build, as Refiners Run Hot Ahead of Gulf Storm

US crude stockpiles shrank last week when analysts expected them to grow, handing oil bulls another reason to stay confident just as a storm threatens Gulf Coast production. The US Energy Information Administration (EIA) said on Wednesday that commercial crude inventories fell by 3.2 million barrels to 424.1 million in the week ended October 2. … Read more