# US crude stockpiles drop the most since September

> EIA data showed U.S. crude inventories fell 7.6 million barrels in the week to July 7, far more than the 2.9 million barrel draw analysts expected. Cushing stocks dropped to their lowest since November 2015, and gasoline demand remained weak.

- Date: 2017-07-01 · published 2017-07-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/70148-us-crude-stockpiles-drop-the-most-since-september
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A larger-than-expected crude draw signals tighter U.S. supply and supports prices, though weak gasoline demand limits the rally.

## Read by commodity

- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-05-25 | [API shows crude, fuel stockpiles fall -sources](https://feedsoft.ai/events/47242-api-shows-crude-fuel-stockpiles-fall-sources.md) | +2.5% | +10.6% |
| WTI | 2022-09-28 | [Oil prices rise on surprise drop in U.S. crude, fuel stocks](https://feedsoft.ai/events/39763-oil-prices-rise-on-surprise-drop-in-u-s-crude-fuel-stocks.md) | +10.1% | +9.3% |
| WTI | 2018-08-22 | [Oil surges after data shows steep drop in US crude inventories](https://feedsoft.ai/events/63703-oil-surges-after-data-shows-steep-drop-in-us-crude-inventories.md) | +1.8% | +5.6% |
| WTI | 2018-01-09 | [Oil Jumps as Industry Data Shows U.S. Crude Stock Monster Draw - Bloomberg](https://feedsoft.ai/events/67152-oil-jumps-as-industry-data-shows-u-s-crude-stock-monster-draw-bloomberg.md) | +3.3% | +2.8% |
| WTI | 2025-02-26 | [US crude stockpiles fall as refining picks up, fuel inventories build, EIA says \| Reuters](https://feedsoft.ai/events/26245-us-crude-stockpiles-fall-as-refining-picks-up-fuel-inventories-build-eia-says.md) | -1.0% | +0.4% |

## Sources

- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2017/07/us-crude-stockpiles-drop-the-most-since-september/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.