EIA Reports US Crude Inventories Up 8.5M to 428.8M Bbls (1/26/2026)

U.S. crude oil inventories rose 8.5 million barrels for the week ending February 6, 2026, per the EIA, pushing stockpiles to 428.8 million barrels, 3% below the five-year average for this time of year. API data from January 29 showed a prior increase of 13.4 million barrels. Brent crude was up $1.14 to $69.94 per barrel, and WTI up $1.09 to $65.05 per barrel on Wednesday morning. Gasoline inventories gained 1.2 million barrels; production averaged 9.1 million barrels per day. Middle distillates fell 2.7 million barrels with production at 4.9 million barrels per day. Total products supplied, a proxy for oil demand, averaged 20.8 million barrels per day, up 2.4% year-over-year. Gasoline demand averaged 8.3 million barrels per day; distillates averaged 4.1 million barrels per day, down 3.2% year-over-year.