FX.co ★ US Crude Oil Inventories Fall More than Expected: EIA

U.S. crude oil inventories experienced a decrease of 3.644 million barrels during the week ending June 6, 2025, surpassing market predictions of a 2.5 million barrel drop, as reported by the EIA Petroleum Status Report. Additionally, stock levels at the Cushing, Oklahoma delivery hub declined by 403 thousand barrels. In terms of refined fuels, there was an increase in gasoline inventories by 1.504 million barrels, and distillate fuel stocks rose by 1.246 million barrels, both exceeding expectations.