U.S. commercial crude oil inventories fell by 865 thousand barrels, according to the latest weekly data from the U.S. Energy Information Administration (EIA), as reported by AEGIS Hedging Solutions in its Weekly Oil Statistics note dated November 4, 2026. The draw was smaller than the average estimate of a 2,831 thousand barrel decline reported by Bloomberg, indicating that the EIA figure came in above the consensus expectation.
Following the report, U.S. crude inventories stand at a deficit of 10.70 million barrels, or 2.5%, compared with the same period last year. Relative to the five-year average, inventories are 19.70 million barrels, or 4.6%, below seasonal norms, according to AEGIS. The AEGIS note also includes charts covering crude stocks at Cushing, Oklahoma, WTI intraday price movement around the report, U.S. crude production, imports and exports, refinery inputs, and stocks and implied demand for propane and propylene, gasoline, distillates and jet fuel.
The numerical values behind these charts are not included in the text of the source and are therefore not reported in this article. Source: AEGIS Hedging Solutions, "Weekly Oil Statistics," November 4, 2026, citing EIA weekly petroleum data and Bloomberg survey estimates.
Source: aegis-hedging.com