EIA: Crude Stocks Fall 900K Bbl; Distillate at 23-Yr Low


   EIA: Crude Stocks Drop 1.9M Bbl to 12-Week Low

   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. commercial crude oil inventories declined for a 
fifth consecutive week during the week ended October 30, while distillate fuel 
supplies fell to their lowest level in more than 23 years, according to Energy 
Information Administration (EIA) data released Wednesday (11/4).

   Commercial crude oil inventories dropped by 900,000 bbl to 409.8 million 
bbl, extending the previous week's decline. Stocks were 11.4 million bbl below 
the 421.2 million bbl reported during the comparable week of 2025.

   Distillate fuel inventories fell by 3.6 million bbl to 99.3 million bbl, 
their lowest level since the week ended May 2, 2003, when supplies totaled 97.3 
million bbl. Inventories were 12.3 million bbl below the 111.5 million bbl 
reported during the comparable week of 2025.

   Gasoline inventories edged down by 200,000 bbl to 209 million bbl, reversing 
part of the previous week's 3.9 million bbl increase. Stocks were 2.9 million 
bbl above the 206 million bbl reported a year earlier.

   Jet fuel inventories declined by 400,000 bbl to 41.8 million bbl, following 
a similar draw the previous week. Supplies were 100,000 bbl above the 41.7 
million bbl recorded during the comparable week of 2025.

   U.S. crude oil imports were unchanged at 6.374 million bpd, while exports 
declined by 1.179 million bpd to 3.675 million bpd. Domestic crude oil 
production increased by 11,000 bpd to 14.003 million bpd.

   U.S. refinery utilization increased to 94.5% of operable capacity from 92.8% 
the previous week, while crude oil inputs rose by 199,000 bpd to 16.725 million 
bpd.




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