What was the total U.S. crude oil inventory level reported by the EIA, and how does it compare historically?

The U.S. Energy Information Administration (EIA) reported total crude oil inventories—including commercial stocks and the Strategic Petroleum Reserve—at 758.5 million barrels, the lowest level since March 1985, marking a decline of 17.2 million barrels for the tenth consecutive week.

How much did U.S. crude inventories fall excluding the Strategic Petroleum Reserve, and how did that compare to analyst expectations?

Crude stocks excluding the government's emergency reserve fell by 8.3 million barrels to 418.2 million barrels for the week ending June 12, significantly exceeding analysts' expectations in a Reuters poll, which had forecast a 4.6 million-barrel draw.

US crude inventories decline for tenth week to over 40-year low, EIA says

Jun 17, 2026

US crude oil inventories dropped 17.2 million barrels to a 40-year low amid surging demand and geopolitical tensions, while refinery utilization hit near-record highs and oil futures rose following the EIA report.

reuters

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