API: Crude Stocks See 5th Weekly Draw to Record 2.8M Bbl


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. crude oil stockpiles declined for a fifth 
consecutive week, while gasoline inventories also moved lower and distillate 
fuel inventories posted a weekly increase, according to inventory data released 
by the American Petroleum Institute (API) on Wednesday (5/27).

   U.S. commercial crude oil stocks fell by 2.8 million bbl during the week, 
below the 9.1 million bbl decline reported the previous week.

   API reported a weekly crude inventory draw of 2.875 million bbl at the 
Cushing, Oklahoma, delivery point for NYMEX West Texas Intermediate futures, 
above the 1.4 million bbl decrease seen in the prior week.

   Gasoline inventories fell by 3.199 million bbl in the reported week, below 
the 5.8 million bbl decline recorded in the previous week.

   Last week, distillate fuel oil stocks increased by 1.1 million bbl, 
reversing the 1 million bbl decline seen in the prior week.

   The U.S. Strategic Petroleum Reserve increased by 9.1 million bbl during the 
profiled week, according to the data.

   The API report was released one day later than usual due to the Memorial Day 
holiday on Monday.




(c) Copyright 2026 DTN, LLC. All rights reserved.