US crude inventories log 3.8M-barrel hike last week

02/07/2025 Argaam
Oil tanks

Oil tanks

US crude oil inventories increased unexpectedly in the week ended June 27, marking the first weekly hike in six weeks, data by the Energy Information Administration (EIA) showed.

 

Commercial crude inventories added 3.8 million barrels last week, compared to forecasts for a 1.7-million-barrel slump.

 

Gasoline inventories also jumped by 4.2 million barrels, while distillate stocks — including diesel and heating oil — shed 1.7 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

448.5

415.1

419

+3.8

Gasoline

231.7

227.9

232.1

+4.2

Distillates

119.7

105.3

103.6

(1.7)
 

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