United States API Crude Oil Stock Change

Last Release

Jul 19, 2024

Actual

-3.9

Units In

BBL/1Million

-4.44

Frequency

Weekly

Next Release

Jul 30, 2024

Time to Release

5 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
14.87 Jan 2023	-15.4 Jul 2023	0.2 BBL/1Million	2012-2024	American Petroleum Institute (API)

Stocks of crude oil refer to the weekly change of the crude oil supply situation.

Latest Updates

US crude oil inventories dropped by 3.9 million barrels for the week ending July 19th, 2024, after declining by 4.44 million barrels in the previous week, data from the API's Weekly Statistical Bulletin showed. This marked the fourth straight week of fall in crude oil inventories and compared to market expectation of 2.47 million barrels draw.