US Crude Oil Inventories Fall More than Expected: EIA

Crude oil inventories in the US fell by 4.304 million barrels in the week that ended May 30, 2025, the most since November 2024 and more than market expectations of a 0.9 million barrel decrease, according to data from the EIA Petroleum Status Report.

On the other hand, stocks in the Cushing, Oklahoma, delivery hub went up by 576 thousand barrels.

Among refined fuels, gasoline stocks rose by 5.219 million barrels and stocks of distillate fuels increased by 4.23 thousand barrels, both well above expectations.