US Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 Weeks

US Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 Weeks

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 8.33 million barrels in the week ending June 12. Analysts had expected a 4.5 million draw. In the week prior, US crude oil inventories fell by a rather large 9.119 million barrels. Although inventories have been falling rapidly for the last 2+ months, shedding 52 million barrels over the last nine weeks, US crude inventories are only down 1.4…

U.S. crude oil inventories decrease by 8.3 million barrels

Weekly Crude Oil Storage as of June 12, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 8.3 million barrels from the previous week.  At 418.2 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of June 12, 2026. Summary of weekly petroleum data fo…

US crude inventories decline for tenth week to over 40-year low, EIA says

U.S. crude oil inventories fell for a 10th straight week last week as demand surged, pushing total stockpiles to their lowest level in over 40 years as the Iran war continues to upend global energy markets, the U.S. Energy Information Administration said on Wednesday. Total crude inventories, including commercial stocks and those in the Strategic

US Crude and Gasoline Inventories Fell Last week, Distilltes Rose, EIA Says - Energy News, Top Headlines, Commentaries, Features & Events

U.S. crude oil and gasoline stockpiles fell last week, while distillate inventories rose, the U.S. Energy Information Administration said on Wednesday. Crude inventories fell by 8.3 million barrels to 418.2 million barrels in the week to June 12, the EIA said, compared with analysts’ expectations in a Reuters poll for a 4.6 million-barrel draw. ...