By Anadolu Agency
June 11, 2026 6:32 amUS commercial crude oil inventories fell by 1.7% in the week ending June 5, according to data released by the Energy Information Administration (EIA) on Wednesday.
Inventories declined by around 7.2 million barrels to 426.5 million barrels, whereas market expectations had forecast a decrease of around 3 million barrels.
Strategic petroleum reserves, which are excluded from commercial crude stocks, also fell by about 7.9 million barrels to 349.2
million barrels, the data revealed.
Over the same period, gasoline inventories increased by approximately 200,000 barrels to 215.1 million barrels.
– Crude production increases
EIA data showed that US crude oil production rose by 92,000 barrels per day (bpd) to about 13.8 million bpd during the week ending June 5.
US crude oil imports decreased by 509,000 bpd to around 5.89 million bpd, and exports fell by 1.03 million bpd to about 4.84 million bpd over the same period.
In its Short-Term Energy Outlook (STEO) released on June 9, the EIA forecasted that US crude oil output would average 13.72 million bpd in 2026.
We use cookies on our website to give you a better experience, improve performance, and for analytics. For more information, please see our Cookie Policy By clicking “Accept” you agree to our use of cookies.
Read More