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Commodities Buzz: US crude oil inventories see a massive increase of 17.4 million barrels, EIA reports
13-Aug-2026 09:24

Crude oil inventories in the United States saw a massive increase of 17.4 million barrels during the week ending August 7, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 424.4 million barrels, according to government data, which are now just 2% below the five-year average for this time of year. The EIA's data release follows API's figures that were released a day earlier, which reported that crude oil inventories had risen by a hefty 9.072 million barrels in the period. For total motor gasoline, the EIA reported that inventories fell 1.0 million barrels, after falling by 1.6 million barrels in the week prior.

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