The U.S. stockpiles of crude oil, gasoline and diesel are rapidly declining due to strong demand and global supply disruptions caused by the Middle East war, according to the latest federal data.
The amount of crude oil and energy products in commercial and emergency storage further dwindled by 17.4 million barrels last week, U.S. Energy Information Administration weekly petroleum status reports say.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.