August 5, 2026
IN DETAIL
US crude oil inventories increased by 2.479 mb to 406.987 mb last week, per the EIA.
Cushing inventories rose by 2.356 mb to 20.955 mb.
The SPR decreased by 2.841 mb/d to 304.809 mb.
Gasoline inventories decreased by 1.643 mb to 209.658 mb.
Distillate inventories declined by 3.473 mb to 107.159 mb.
US crude oil imports increased by 0.515 mb/d to 6.198 mb/d, and crude exports increased by 0.218 mb/d to 3.685 mb/d.
The EIA estimates US oil demand grew by 0.216 mb/d last week to 20.970 mb/d.
Refinery utilization decreased from 97.21% to 96.5%, with gross crude inputs into refineries decreasing from 17.518 mb/d to 17.381 mb/d.