US Crude Inventories Fall More Than Expected

2026-06-16 21:27 By Isabela Couto 1 min. read

US crude oil inventories fell by 8.33 million barrels in the week ended June 12, exceeding expectations for a 4.5 million-barrel draw.

This followed a 9.12 million-barrel decline in the previous week.

Despite inventories falling by about 52 million barrels over the past nine weeks, US crude stockpiles are down just 1.4 million barrels since the start of the year.

Inventories in the SPR also continued to decline, dropping by 8.9 million barrels to 340.3 million, leaving stocks 385 million barrels below maximum capacity.

Meanwhile, inventories at the Cushing hub fell by 1.52 million barrels after declining by 1.13 million barrels the previous week.

US crude production rose to 13.80 million barrels per day in the week ended June 5, up from 13.71 million bpd a week earlier.

Gasoline inventories rose by 2.48 million barrels, reversing the prior week's 1.19 million-barrel decline, while distillate stockpiles fell by 461,000 barrels after rising by 1.3 million barrels in the previous week.



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US Crude Inventories Fall More Than Expected
US crude oil inventories fell by 8.33 million barrels in the week ended June 12, exceeding expectations for a 4.5 million-barrel draw. This followed a 9.12 million-barrel decline in the previous week. Despite inventories falling by about 52 million barrels over the past nine weeks, US crude stockpiles are down just 1.4 million barrels since the start of the year. Inventories in the SPR also continued to decline, dropping by 8.9 million barrels to 340.3 million, leaving stocks 385 million barrels below maximum capacity. Meanwhile, inventories at the Cushing hub fell by 1.52 million barrels after declining by 1.13 million barrels the previous week. US crude production rose to 13.80 million barrels per day in the week ended June 5, up from 13.71 million bpd a week earlier. Gasoline inventories rose by 2.48 million barrels, reversing the prior week's 1.19 million-barrel decline, while distillate stockpiles fell by 461,000 barrels after rising by 1.3 million barrels in the previous week.
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