US crude inventories fall by 3.7M barrels last week: API

US crude oil inventories went down by 3.67 mln barrels last week

US crude oil inventories declined by 3.67 million barrels during the week ended Sept. 26, compared to estimates of more than 3.8 million barrels decline, according to the latest estimates released by the American Petroleum Institute (API).

Gasoline inventories rose by 1.3 million barrels, while distillate inventories — including diesel and heating oil — grew by 3 million barrels during the same period.

Investors are anticipating the release of official data from the Energy Information Administration (EIA) today, Oct. 1, with expectation of an increase of 1.5 million barrels.

On Sept. 30 close, Brent crude futures for November delivery (expired) fell 1.4% or $0.95 to settle at $67.02 per barrel. This marks monthly and quarterly losses of 1.6% and 0.90%, respectively.

Meanwhile, WTI crude futures for November delivery climbed 1.7% or $1.08 to $62.37 per barrel, deepening monthly losses to 2.56%, while Q3 2025 losses reached 4.20%.