US Oil Stockpiles Fall More Than Expected

2026-06-09 21:14 By Isabela Couto 1 min. read

US crude oil inventories fell by 9.1 million barrels in the week ended June 5, far exceeding forecasts for a 3.4 million-barrel draw, after declining by 6.7 million barrels in the previous week.

Despite a cumulative decline of roughly 44 million barrels over the past eight weeks, crude inventories remain nearly 7 million barrels above year-end levels.

The Strategic Petroleum Reserve also continued to shrink, with another 7.9 million barrels withdrawn during the week.

Inventories at Cushing, Oklahoma, fell by 1.125 million barrels, following a 279,000-barrel decline a week earlier.

US crude production eased to 13.707 million barrels per day from 13.715 million.

Gasoline inventories declined by 1.191 million barrels after a 3.45 million-barrel increase in the prior week, while distillate stocks rose by 1.3 million barrels after falling 214,000 barrels previously.



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