Story perspectives

U.S. Crude Stocks Drop 1.7M; Gasoline Falls, Prices Slip

7/16/2026

Summary

Story summary

U.S. Energy Information Administration data show crude oil inventories fell 1.7 million barrels for the week ending July 10.
At 10:45 a.m. New York time, Brent futures slipped to $84.08 per barrel (-0.77%) while WTI fell to $79.13 (-0.26%).
Motor gasoline inventories dropped 1.5 million barrels, while average daily gasoline production slipped to 9.6 million barrels.
Middle-distillate stocks rose 4.6 million barrels, leaving inventories 11% below the five-year average as daily production increased to 5.3 million barrels.

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Story summary

U.S. Energy Information Administration data show crude oil inventories fell 1.7 million barrels for the week ending July 10.
At 10:45 a.m. New York time, Brent futures slipped to $84.08 per barrel (-0.77%) while WTI fell to $79.13 (-0.26%).
Motor gasoline inventories dropped 1.5 million barrels, while average daily gasoline production slipped to 9.6 million barrels.
Middle-distillate stocks rose 4.6 million barrels, leaving inventories 11% below the five-year average as daily production increased to 5.3 million barrels.