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US oil inventories down 4.3 mln barrels over week — Department of Energy

TASS · · 104 words

The article reports a decrease of 4.3 million barrels in U.S. commercial oil reserves as of May 8, 2026, according to the Department of Energy. It also provides current market prices for Brent and WTI oil futures.

open_in_new Read the original article: https://tass.com/economy/2130459

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0%
Propaganda Score
confidence: 100%
Low risk. This article shows minimal use of propaganda techniques.

fact_checkFact-Check Results

5 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 4
check_circle Corroborated 1
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“Commercial oil reserves in the United States fell by 4.3 mln barrels over the week”
CORROBORATED
Multiple independent web search results confirm that U.S. crude oil inventories decreased by 4.3 million barrels for the week ending May 8, 2026, citing data from the EIA.
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web search NEUTRAL — U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending May 8, 2026, which was 369 thousand barrels per day more than the previous week's average.
https://www.oilandgas360.com/crude-inventories-05-8/
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web search NEUTRAL — Summary of Weekly Petroleum Data for the week ending May 8, 2026 U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending May 8, 2026, which was 369 thousand barrels…
https://ir.eia.gov/wpsr/wpsrsummary.pdf
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web search NEUTRAL — Crude oil inventories in the United States decreased by 4.3 million barrels during the week ending May 8, according to new data from the U.S. Energy Information Administration (EIA) released on ...
https://oilprice.com/Energy/Crude-Oil/US-Crude-Oil-Gasoline-…
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“amounted to 452.9 mln barrels as of May 8, 2026, the country's Department of Energy reported”
SINGLE SOURCE
While the evidence confirms the existence of the Weekly Petroleum Status Report and the Department of Energy's role, none of the provided search results mention the specific figure of 452.9 million barrels for May 8, 2026.
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web search NEUTRAL — Barrels of oil. Commercial crude oil stock pile.The U.S. Department of Energy has run at least seven sales since 2017, selling 132 million barrels, or about 18.2% of what had been in the reserve.[8][9…
https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(U…
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web search NEUTRAL — Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids.See All Petroleum Reports. Weekly Petroleum Status Report. Data for week ending May 1, 2…
https://www.eia.gov/petroleum/supply/weekly/
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web search NEUTRAL — The US allocated 53.3 million barrels of oil from the reserve to curb fuel prices. Trafigura, Marathon, and Exxon Mobil will receive record volumes of the raw material.
https://unn.ua/en/news/the-us-released-over-53-million-barre…
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“The current stock level is 0.3% below the five-year average typical for this time of the year”
SINGLE SOURCE
The evidence mentions the Weekly Petroleum Status Report and general trends in oil reserves, but does not provide the specific percentage (0.3% below the five-year average) for the date in question.
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web search NEUTRAL — Weekly Petroleum Status Report. Data for week ending May 1, 2026 Release Date: May 6, 2026 Next Release Date: May 13, 2026 full report PDF.The petroleum supply situation is presented in the context of…
https://www.eia.gov/petroleum/supply/weekly/
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web search NEUTRAL — World oil demand is forecast to contract by 420 kb/d y-o-y in 2026, to 104 mb/d, 1.3 mb/d less than our pre-war forecast.Indeed, 2026 supply growth expectations from the Americas have been revised up …
https://www.iea.org/reports/oil-market-report-may-2026
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web search NEUTRAL — 1 year. 5 years. Oil Reserves Plummet to 40-year Low The Biden Administration is treading on dangerous ground as it continues to deplete the Strategic Petroleum Reserve (SPR) to levels not seen in dec…
https://www.tradingview.com/symbols/ECONOMICS-USCOSPRE/
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“the price of July 2026 futures for Brent oil on London’s ICE was up by 0.31% at $108.1 per barrel”
SINGLE SOURCE
The provided evidence shows Brent oil futures prices around $101.29, which contradicts the claim's $108.1 figure. However, the evidence does not specifically address the 'July 2026' contract price for that specific date, making it impossible to fully verify or debunk without the specific report, but the general market data provided does not corroborate the claim.
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web search NEUTRAL — The current price of Brent Oil futures is 101.29, with a previous close of 100.06.Today’s trading range for Brent Oil futures is between 99.55 and 102.92.
https://www.investing.com/commodities/brent-oil
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web search NEUTRAL — The current price of Brent crude oil today is $101.29 per barrel. Live charts, historical data, futures contracts, and breaking news on Brent prices can be found below. Brent Jul 2026.
https://oilprice.com/futures/brent/
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web search NEUTRAL — Brent crude oil is one of the principal benchmark prices for oil traded globally. Originating from the North Sea, Brent serves as a key pricing reference for crude oil produced in Europe, Africa, and …
https://tradingeconomics.com/commodity/brent-crude-oil
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“the price of futures for WTI oil with June delivery was up by 1.36% at $103.57 per barrel”
SINGLE SOURCE
The provided evidence shows WTI futures prices around $95.41, which differs from the claim's $103.57. Similar to claim 3, the evidence provided is general market data and does not specifically confirm or deny the June delivery price for the specific date mentioned.
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web search NEUTRAL — What Is the Current Price of Crude Oil WTI Futures? The current price of Crude Oil WTI futures is 95.41, with a previous close of 94.81.
https://www.investing.com/commodities/crude-oil
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web search NEUTRAL — West Texas Intermediate (WTI) crude oil is classified as light and sweet, where “light” refers to its low density and “sweet” indicates its low sulfur content. The delivery point for WTI crude oil fut…
https://tradingeconomics.com/commodity/crude-oil
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web search NEUTRAL — Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as…
https://www.tradingview.com/symbols/NYMEX-CL1!/
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.