US Crude Inventories Drop for 7th Week

2026-06-10 14:39 By Joana Ferreira 1 min. read

US crude inventories fell by 7.228 million barrels in the week ended June 5, 2026, marking the seventh consecutive weekly decline and surpassing expectations for a 4 million barrel draw.

Stocks at the Cushing, Oklahoma hub also decreased by 801,000 barrels, extending their decline for a seventh week.

Refinery activity increased, with crude runs rising by 81,000 barrels per day.

In contrast, gasoline inventories rose by 186,000 barrels, defying forecasts for a 0.5 million barrel decline, while distillate stocks, including diesel and heating oil, increased by 200,000 barrels, compared with expectations for a 0.5 million barrel draw.

Net US crude imports rose by 525,000 barrels per day over the week.



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US Crude Inventories Drop for 7th Week
US crude inventories fell by 7.228 million barrels in the week ended June 5, 2026, marking the seventh consecutive weekly decline and surpassing expectations for a 4 million barrel draw. Stocks at the Cushing, Oklahoma hub also decreased by 801,000 barrels, extending their decline for a seventh week. Refinery activity increased, with crude runs rising by 81,000 barrels per day. In contrast, gasoline inventories rose by 186,000 barrels, defying forecasts for a 0.5 million barrel decline, while distillate stocks, including diesel and heating oil, increased by 200,000 barrels, compared with expectations for a 0.5 million barrel draw. Net US crude imports rose by 525,000 barrels per day over the week.
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US Crude Oil Inventories Fall More than Expected
US crude inventories fell by 7.974 million barrels in the week ended May 29, the most since February and exceeding expectations for a 4 million barrel draw. Also, stocks at the Cushing, Oklahoma hub decreased by 583 thousand barrels. Refinery activity went down, with crude runs falling by 90,000 barrels per day. On the other hand, gasoline inventories rose by 3.364 million barrels, compared with forecasts for a 0.3 million barrel decline. Distillate stocks, including diesel and heating oil, increased by 1.502 million barrels, versus expectations for a 0.3 million barrel draw. Net US crude imports fell by 249 thousand barrels per day over the week.
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US Crude Oil Inventories Fall Less than Expected
US crude inventories fell by 3.327 million barrels in the week ended May 22, compared with expectations for a 4 million barrel draw. Stocks at the Cushing, Oklahoma hub decreased by 2.794 million barrels, the most since August 2023. Refinery activity increased, with crude runs rising by 652,000 barrels per day. Gasoline inventories dropped by 2.572 million barrels exceeding forecasts for a 2.4 million barrel decline. Distillate stocks, including diesel and heating oil, fell by 2.107 million barrels, versus expectations for a 1 million barrel draw. Net US crude imports frose by 360 thousand barrels per day over the week.
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