Crude Oil Inventory Report
As of September 2, 2026: US commercial crude inventories drew 4.5 million barrels to 424.5 million in the week ending August 28, 2026, per the EIA's Weekly Petroleum Status Report. That is 3.8 million barrels above the same week last year. Crude stocks rose, ending the seven-week draw streak. Gasoline and distillate inventories declined, distillates by almost 5 million barrels; SPR fell over 6 million.
This week's report, in numbers
| Stock | Level (M bbl) | Weekly change | vs year ago |
|---|---|---|---|
| Crude oil (commercial, ex-SPR) | 424.5 | -4.5M | +3.8M |
| Total motor gasoline | 205.7 | -1.2M | -12.9M |
| Distillate fuel oil | 104.2 | +0.8M | -11.7M |
| Jet fuel | 45.9 | +0.2M | +3.1M |
| Strategic Petroleum Reserve | 286.6 | -3.1M | -118.1M |
Recent weeks
| Week ending | Crude ex-SPR (M bbl) | Change |
|---|---|---|
| Jun 26 | 408.4 | -3.8M |
| Jun 19 | 412.1 | -6.1M |
| Jun 12 | 418.2 | -8.3M |
| Jun 5 | 426.5 | -7.2M |
| May 29 | 433.7 | -8.0M |
| May 22 | 441.7 | -3.3M |
| May 15 | 445.0 | -7.9M |
| May 8 | 452.9 | -4.3M |
| May 1 | 457.2 | -2.3M |
| Apr 24 | 459.5 | -6.2M |
| Apr 17 | 465.7 | +1.9M |
| Apr 10 | 463.8 | -0.9M |
How this report works
The EIA's Weekly Petroleum Status Report is the official US government count of crude oil and refined products in storage, released Wednesdays at 10:30 a.m. Eastern for the week ended the prior Friday. The headline number traders quote is commercial crude stocks excluding the Strategic Petroleum Reserve: a draw means supply tightened, a build means it loosened, and on release mornings that single line regularly moves crude by a dollar or more within minutes. This page carries the official figures on release morning, alongside the recent trend, so the number arrives with its context rather than as a lone headline.
The next report is due September 10, 2026 at 10:30 a.m. ET. For the live oil tape between reports, see the Hormuz desk and the Crude Signal wire.
Crude inventories: common questions
What time does the EIA oil inventory report come out?
10:30 a.m. Eastern on Wednesdays, covering the week ended the prior Friday. When a federal holiday falls early in the week, the release shifts to Thursday. The next report lands September 10, 2026.
What did this week's EIA report show?
For the week ending August 28, 2026, US commercial crude inventories drew 4.5 million barrels to 424.5 million. Gasoline stocks moved -1.2M, distillates +0.8M, and the Strategic Petroleum Reserve -3.1M.
Does a crude inventory draw push oil prices higher?
Usually: a draw means more oil left storage than entered it, so supply tightened and prices tend to move higher, while a build tends to push prices lower. But the market reads the whole report: a crude draw with big product builds, or one driven by falling imports rather than demand, can land very differently.
What is the difference between the API and EIA reports?
The American Petroleum Institute publishes its own survey on Tuesday evenings, a day ahead of the EIA, but it is subscriber-only and based on voluntary industry reporting. The EIA's Wednesday report is the official government count, and it is what settles the argument. The two frequently disagree on the week's direction.