U.S. Crude Inventories Fall As Brent Prices Soar

By Julianne Geiger - Sep 10, 2026, 11:14 AM CDT Crude oil inventories in the United States saw a decrease of 400,000 barrels during the week ending September 4, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The decrease brings commercial stockpiles to 424.1 million barrels, according to government data, which are now on par with the five-year average for this time of year.The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories had fallen by 300,000 barrels in the period.Crude futures were trading up at 11:50 a.m. in New York; Brent futures were trading at $106 per barrel—up $4.79 (+4.73%) on the day but up roughly $12 per barrel from this same time last week. WTI was also trading up on the day, by $4.45 per barrel (+4.63%) on Thursday morning at $100.50, up about $11 per barrel since this time last week.For total motor gasoline, the EIA reported that inventories increased by 1.3 million barrels, after falling by 1.2 million barrels in the week prior. The most recent figures showed that average daily gasoline production fell to 9.3 million barrels. For middle distillates, inventories increased by 2.1 million barrels with production increasing to an average of 5.3 million barrels daily. Distillate inventories are now 13% below the five-year average.Total products supplied—a proxy for U.S. oil demand—averaged 20.1 million barrels per day over the last four weeks, down 3.7% compared to the same period last year. Gasoline demand averaged 8.8 million barrels per day over the last four weeks, with the distillate four-week average supplied averaging 3.7 million barrels—down 2.6% year over year.By Julianne Geiger for Oilprice.comMore Top Reads From Oilprice.comTotalEnergies to Bring New Angola Discovery Online in Just Three MonthsWTI Breaks $100—and This Rally Has LegsIEA: Global Coal Demand Set to Hit Record High as Iran War Chokes LNG Supply Download The Free Oilprice App Today Back to homepage