Crude oil inventories in the U.S. decreased by slightly less than expected in the week ended December 26th, according to a report released by the Energy Information Administration on Wednesday.
The EIA said crude oil inventories fell by 1.9 million barrels last week after inching up by 0.4 million barrels in the previous week. Economists had expected crude oil inventories to shrink by 2.0 million barrels.
At 422.9 million barrels, U.S. crude oil inventories are about 3 percent below the five-year average for this time of year, the EIA said.
Meanwhile, the report said gasoline inventories surged by 5.8 million barrels last week and are about 2 percent above the five-year average for this time of year.
Distillate fuel inventories, which include heating oil and diesel, also jumped by 5.0 million barrels last week but remain about 4 percent below the five-year average for this time of year, the EIA said.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.