US crude oil stocks fall for seventh straight week

08/01/2025 Argaam
Oil tanks

Oil tanks

US crude oil inventories decreased during the week ended Jan. 3, marking their seventh consecutive weekly decline.

 

Data released today, Jan. 8, by the US Energy Information Administration (EIA) showed that commercial crude oil inventories fell by one million barrels last week, matching Wall Street Journal analysts' expectations.

 

Meanwhile, gasoline inventories increased by 6.3 million barrels, while distillate stocks—including diesel and heating oil—declined by about 6.1 million barrels.

 

Crude Stocks in the US (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

432.4

415.6

414.6

(1)

Gasoline  

245

231.4

237.7

+6.3

Distillates  

132.4

122.9

128.9

+6.1

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