Russia

US oil inventories down 0.6 mln barrels over week — Department of Energy

TASS English · 2026-09-16

AI SUMMARY

• What happened: US oil inventories decreased by 0.6 million barrels over the past week, bringing the total to 423.4 million barrels as of September 11, 2026, which is 5% below the five-year average for this time of year. • Why it matters: The decline in oil reserves may impact global oil prices, as evidenced by a drop in Brent and WTI futures prices following the report. • What to watch next: Monitor upcoming reports on US oil production and inventory levels, as well as market reactions to potential changes in supply and demand dynamics.

US oil inventories down 0.6 mln barrels over week — Department of Energy The current stock level is 5% below the five-year average typical for this time of the year, the department addedMOSCOW, September 16. /TASS/. Commercial oil reserves in the United States fell by 0.6 mln barrels over the week to 423.4 mln barrels as of September 11, 2026, the country's Department of Energy reported. The current stock level is 5% below the five-year average typical for this time of the year, the department added. As of 5:30 p.m. Moscow time (2:30 p.m. GMT) the price of November 2026 futures for Brent oil on London’s ICE was down by 1.68% at $106.92 per barrel while the price of futures for WTI oil with October delivery was down by 2.25% at $103.34 per barrel. 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Source: TASS English
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