US Crude Oil Inventories Unexpectedly Rise: EIA

Crude oil inventories in the US rose by 3.037 million barrels in the week ended August 8, 2025, defying market expectations of a 0.8 million decline, according to data from the EIA Petroleum Status Report.

Meanwhile, stocks in the Cushing, Oklahoma, delivery hub increased by 45 thousand barrels.

Among refined fuels, gasoline stocks dropped by 0.792 million barrels while stocks of distillate fuels increased by 0.714 million barrels.