US crude stocks at Cushing fell 0.62M barrels while gasoline rose 3.87M
The US Energy Information Administration reported lower Cushing crude inventories and higher gasoline stocks for the week ended October 23.
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what happened
According to TradingView, citing RTT News/dpa-AFX, the US Energy Information Administration reported that crude inventories at Cushing, Oklahoma fell by 0.62 million barrels to 27.0 million barrels in the week ended October 23.
Gasoline stocks rose by 3.87 million barrels to 209.2 million, while distillate inventories dropped by 1.46 million barrels to 102.8 million. The Strategic Petroleum Reserve declined by 0.1 million barrels to 282.6 million.
why it matters
Cushing is the delivery point for WTI futures, so a drawdown there typically supports nearby contracts. The gasoline build, by contrast, adds supply to the fuel market, while the distillate decline points to a tighter diesel balance.
market impact
WTI crude: the Cushing draw supports prices; gasoline: the stock build weighs on prices
- WTI pressure up — a drop in Cushing stocks tightens the balance of nearby contracts
- Gasoline pressure down — a rise in stocks adds supply to the fuel market
- Diesel pressure up — a distillate stock decline tightens the diesel balance
tags
instruments
sources
- US EIA: CUSHING STOCKS -0.62M TO 27.0M BARRELS IN OCT 23 WK — TradingView, 28 October 2026 at 16:23 UTC
- US EIA: GASOLINE STOCKS +3.87M TO 209.2M IN OCT 23 WK — TradingView, 28 October 2026 at 16:23 UTC
- US EIA: SPR -0.1M TO 282.6M BARRELS IN OCT 23 WK — TradingView, 28 October 2026 at 16:23 UTC
- US EIA: DISTILLATE STOCKS -1.46M TO 102.8M IN OCT 23 WK — TradingView, 28 October 2026 at 16:23 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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