US Crude Stockpiles Fall More Than Expected: API
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US crude oil inventories fell by 9.10 million barrels for the week ending May 15, 2026, surpassing expectations of a 3.4 million-barrel draw. Gasoline inventories dropped by 5.80 million barrels, while distillate inventories fell by 1.00 million barrels. Cushing inventories decreased by 1.40 million barrels, and the US Strategic Petroleum Reserve saw a record drawdown of 9.90 million barrels, reaching its lowest level since July 2024.
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