US commercial crude oil inventories fell by 1.9 million barrels in the week ended Oct. 23, leaving holdings below their year-earlier level, the US Energy Information Administration said.
Gasoline stocks rose during the week, while distillate inventories declined. Domestic crude production increased from the previous week, but refineries processed less crude.
Commercial crude stocks, which exclude the government's Strategic Petroleum Reserve, stood at 410.6 million barrels. They fell 0.5% from the week ended Oct. 16 and were 5.3 million barrels, or 1.3%, below the level on Oct. 24, 2025.
The Strategic Petroleum Reserve, the government's emergency crude stockpile, held 282.6 million barrels, down 0.1 million barrels from the previous week. The reserve was 126.5 million barrels, or 30.9%, below its year-earlier level.
Combined commercial and reserve crude inventories totaled 693.2 million barrels, down 2 million barrels, or 0.3%, over the week. They were 131.9 million barrels, or 16%, lower than a year earlier.
Gasoline inventories reached 209.2 million barrels after rising 3.9 million barrels, or 1.9%, from the previous week. Stocks were still 1.6 million barrels, or 0.7%, below their year-earlier level.
Distillate fuel inventories fell to 102.8 million barrels, a weekly decline of 1.5 million barrels, or 1.4%. They were down 9.4 million barrels, or 8.3%, from a year earlier.
Domestic crude production averaged 13.99 million barrels a day, up from 13.27 million the previous week. Production averaged 13.64 million barrels a day in the comparable week a year earlier.
Refineries processed 16.53 million barrels of crude a day, down from 16.65 million the previous week. Their crude input exceeded the 15.22 million barrels a day recorded a year earlier.
Net crude imports, including those for the reserve, averaged 1.52 million barrels a day. That compared with 2.32 million the previous week and 0.69 million a year earlier.
Jet fuel stocks fell 0.4 million barrels to 42.2 million barrels, but remained 0.8 million above a year earlier. Propane and propylene inventories slipped 0.1 million barrels to 105.7 million, roughly unchanged from a year earlier.
Total petroleum stocks, including the reserve, fell 3.1 million barrels, or 0.2%, to 1.5 billion barrels. They were 182.7 million barrels, or 10.9%, below a year earlier.
Daily spot prices for West Texas Intermediate crude at Cushing and Brent crude in Europe were unavailable through the Federal Reserve Bank of St. Louis's FRED service. Prices for one week earlier were also unavailable.
