US Oil Inventories Fall Further As Demand Holds | EN590 Commodities
EN590 Commodities GroupCrude Oil November 04, 2026
Brent Falls to $100 as Traders Bet on a U.S.-Iran Deal Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector. Her… Crude oil inventories in the United States saw a decrease of 900,000 barrels during the week ending October 30, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 409.8 million barrels, according to government data, which is now 4% below the five-year average for this time of year. Total commercial petroleum inventories slipped by 8.2 million barrels during the reporting period. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories
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