Crude oil stocks across the U.S. grew slightly in the most recent reporting period from the U.S. Energy Information Administration while the total in Cushing slipped.
The U.S. total as of April 18 was 443.1 million barrels up from the 442.9 million barrels recorded at the end of April 11. It represented a gain of 200,000 barrels of crude oil. The nation’s total a year ago was 10.5 million barrels higher at 453.6 million barrels.
The amount of crude oil in storage at the Cushing refinery in northern Oklahoma declined 100,000 barrels. The total was 25 million barrels as of the week of April 18, down from 25.1 million barrels the week of April 11. Cushing saw a gain of 2.3 million barrels from the 22.7 million recorded March 21. But the current total is 7.4 million barrels lower than the 32.4 millon barrels reported by the EIA on April 19, 2024.