US Oil Inventories Fall to Multi-Year Lows

2026-06-24 14:36 By Agna Gabriel 1 min. read

US crude oil inventories fell by 6.088 million barrels to 412.1 million barrels in the week ended June 19, the lowest since January 2025, and more than market expectations for a 4.5 million-barrel draw.

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.077 million barrels to about 19 million barrels, the lowest since October 2014.

Total crude stocks, including those in the Strategic Petroleum Reserve, fell more than 15 million barrels to 743.3 million barrels, the lowest since October 1984.

Refinery crude runs fell by 81,000 barrels per day, while refinery utilization rates fell by 0.6 percentage points to 96.1%.

On the other hand, gasoline stocks rose by 2.064 million barrels to 216.3 million barrels, versus expectations for a 0.6 million-barrel draw.

Distillate stockpiles, which include diesel and heating oil, rose by 3.064 million barrels to 106.1 million barrels, compared with forecasts for a 0.5 million-barrel drop.

Net US crude imports rose by 94,000 bpd.



News Stream
US Oil Inventories Fall to Multi-Year Lows
US crude oil inventories fell by 6.088 million barrels to 412.1 million barrels in the week ended June 19, the lowest since January 2025, and more than market expectations for a 4.5 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.077 million barrels to about 19 million barrels, the lowest since October 2014. Total crude stocks, including those in the Strategic Petroleum Reserve, fell more than 15 million barrels to 743.3 million barrels, the lowest since October 1984. Refinery crude runs fell by 81,000 barrels per day, while refinery utilization rates fell by 0.6 percentage points to 96.1%. On the other hand, gasoline stocks rose by 2.064 million barrels to 216.3 million barrels, versus expectations for a 0.6 million-barrel draw. Distillate stockpiles, which include diesel and heating oil, rose by 3.064 million barrels to 106.1 million barrels, compared with forecasts for a 0.5 million-barrel drop. Net US crude imports rose by 94,000 bpd.
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