{"id":486302,"date":"2026-02-19T22:52:10","date_gmt":"2026-02-19T22:52:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/486302\/"},"modified":"2026-02-19T22:52:10","modified_gmt":"2026-02-19T22:52:10","slug":"eia-us-crude-oil-inventories-slump-as-demand-rises","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/486302\/","title":{"rendered":"EIA: US Crude Oil Inventories Slump As Demand Rises"},"content":{"rendered":"

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tBy Irina Slav<\/a> – Feb 19, 2026, 11:10 AM CST<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Tanks\"<\/p>\n

Crude oil inventories in the United States decreased by 9 million barrels during the week ending February 13, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The decrease brings commercial stockpiles to 419.8 million barrels according to government data, which is 5% below the five-year average for this time of year.<\/p>\n

The EIA\u2019s data release follows API\u2019s figures that were released a day earlier, which reported that crude oil inventories fell by 609,000 barrels<\/a> in the period.<\/p>\n

Crude prices were trading up on Thursday morning. At 10:00 a.m. in New York,\u00a0Brent<\/a>\u00a0was trading at $71.78 per barrel\u2014up $1.40 (+1.99%) on the day. This is up nearly $2 per barrel week over week. WTI<\/a> was also trading up, by $1.37 per barrel (+2.10%) in morning trade at $66.56 per barrel.<\/p>\n

For total motor gasoline, the EIA reported that inventories had decreased by 3.2 million barrels after gaining 1.2 million barrels in the week prior. The most recent figures showed average daily gasoline production increased to 9.4 million barrels. For middle distillates, inventories decreased by\u00a0 4.6 million barrels with production increasing by 28,000 barrels daily to an average of 4.9 million barrels daily.<\/p>\n

Total products supplied\u2014a proxy for U.S. oil demand\u2014rose to 21.2 million barrels per day over the last four weeks, up 4.1% compared to the same period last year. Gasoline demand averaged 8.5 million barrels per day over the last four weeks, while the distillate four-week average supplied averaged 4.4 million barrels\u2014up 2.5% percent year over year.<\/p>\n

By Julianne Geiger for Oilprice.com<\/p>\n

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