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U.S. Crude Inventories Fall 18.8M Barrels to Record Low as Exports Hit Historical High

GateNews

2026-05-20 15:59:59

According to the U.S. Energy Information Administration (EIA) weekly report released on May 20, U.S. crude oil inventories fell by a record 18.8 million barrels last week, driven by exports at historical highs that are depleting domestic supply buffers. The Strategic Petroleum Reserve (SPR) accounted for approximately 9.9 million barrels of the decline. Cushing, Oklahoma, the key delivery hub, saw inventory decline for the fourth consecutive week, raising concerns about tightening supply conditions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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U.S. Strategic Petroleum Reserve Declines 9.92M Barrels for Week Ending May 15

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