---
title: "Industry Weekly Report: US API crude oil inventories sharply decreased by over 11 million barrels last week"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274715493.md"
description: "According to data from the American Petroleum Institute (API), last week, the U.S. API crude oil inventory decreased by 11.079 million barrels, compared to an increase of 247,000 barrels the previous week. Last week, the API Cushing crude oil inventory decreased by 1.394 million barrels, with the previous value being ±92,000 barrels. Last week, the API finished product gasoline inventory increased by 4.736 million barrels (previous value -415,000 barrels), and the distillate inventory decreased by 4.811 million barrels (previous value +2 million barrels)"
datetime: "2026-02-03T21:37:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274715493.md)
  - [en](https://longbridge.com/en/news/274715493.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274715493.md)
---

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# Industry Weekly Report: US API crude oil inventories sharply decreased by over 11 million barrels last week

According to data from the American Petroleum Institute (API), last week, **U.S. API crude oil inventory -11.079 million barrels**, the previous week +247,000 barrels.

Last week, API Cushing crude oil inventory -1.394 million barrels, previous value +-92,000 barrels.

Last week, API refined oil gasoline inventory +4.736 million barrels (previous value -415,000 barrels), distillate inventory -4.811 million barrels (previous value +2 million barrels)

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