US diesel supplies fall below 100M barrels, lowest since 2003

U.S. diesel supplies have dropped below 100 million barrels, marking the lowest level since 2003, according to a report by FirstSquawk. This decline comes amid already tight distillate fuel markets, which include diesel and heating oil, and aligns with predictions of continued low inventory levels into 2027. The Energy Information Administration (EIA) had previously noted a steady decrease in distillate stocks, which are predicted to remain below recent five-year lows. Market reactions suggest that this development may exert upward pressure on crude oil prices, particularly impacting the WTI Crude Oil price predictions for November 2026.

Source: Crypto Briefing