US crude inventories fall 2M barrels last week

07/05/2025 Argaam
Oil tanks

Oil tanks

US crude oil inventories declined more than forecast in the week ended May 2, according to data released by the Energy Information Administration (EIA) on Wednesday.

 

Commercial crude inventories fell by two million barrels last week, compared to expectations for a 1.3-million-barrel drop.

 

Gasoline inventories increased by 200,000 barrels, while distillate stocks—including diesel and heating oil—decreased by 1.1 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

459.5

440.4

438.4

(2.0)

Gasoline

228.0

225.5

225.7

+0.2

Distillates

116.4

107.8

106.7

(1.1)
 

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