US Crude Oil Inventories Unexpectedly Decline; Stocks Fall by 327,000 Barrels in the Week Ending September 4

The American Petroleum Institute (API) released US crude oil inventory data for the week ending September 4, 2026, in the early hours of September 10.This week’s reported figure was a decrease of 327,000 barrels, compared to the forecasted decline of 1.336 million barrels and the previous week’s decrease of 2.593 million barrels. Although crude oil inventories continue to decline, the decrease was smaller than market expectations, indicating a slowdown in the pace of inventory reduction.API inventory data reflect changes in US domestic crude oil, gasoline, and distillate inventories, serving as an important indicator for assessing US energy supply conditions. The data are compiled and published weekly by the American Petroleum Institute and can provide early insight into fundamental shifts in the energy market.The importance of this data is considered moderately high. API inventory figures are released every Wednesday at midnight Beijing time, ahead of the US Energy Information Administration (EIA) data, and are often used as a leading indicator for EIA reports, offering significant market reference value. The next release is scheduled for the early hours of September 16, 2026.

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