# Crude oil futures rise as US industry data shows decline in inventories

> Brent and WTI futures rose after the American Petroleum Institute reported that U.S. crude inventories fell by 9.8 million barrels in the week ending November 6, versus expectations for a decline of about 1 million barrels. The Energy Information Administration’s official inventory data was due later that day; the report also noted continued attacks on shipping near the Strait of Hormuz.

- Date: 2026-11-11 · published 2026-11-11T06:12:00.797Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/93012-crude-oil-futures-rise-as-us-industry-data-shows-decline-in-inventories
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A larger-than-expected inventory draw signals tighter near-term U.S. crude supply and supports prices, though official data could revise the picture.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-07-21 | [Oil climbs over 4% despite rise in U.S. inventories \| Reuters](https://feedsoft.ai/events/6367-oil-climbs-over-4-despite-rise-in-u-s-inventories-reuters.md) | +6.4% | -1.2% |
| WTI | 2026-10-28 | [US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters](https://feedsoft.ai/events/271-us-crude-and-distillate-inventories-fall-gasoline-stocks-rise-eia-says-by.md) | -2.1% | — |
| 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% |
| BRENT | 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) | +5.3% | +9.7% |
| BRENT | 2021-07-21 | [Oil climbs over 4% despite rise in U.S. inventories \| Reuters](https://feedsoft.ai/events/6367-oil-climbs-over-4-despite-rise-in-u-s-inventories-reuters.md) | +7.2% | -0.7% |
| BRENT | 2026-10-28 | [US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters](https://feedsoft.ai/events/271-us-crude-and-distillate-inventories-fall-gasoline-stocks-rise-eia-says-by.md) | -4.7% | — |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/crude-oil-futures-rise-as-us-industry-data-shows-decline-in-inventories/article71688277.ece

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