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

According to the latest EIA Petroleum Status Report, crude oil inventories in the United States experienced a significant decrease of 4.304 million barrels for the week ending May 30, 2025. This represents the largest drop since November 2024 and notably surpasses market expectations, which had anticipated a decline of just 0.9 million barrels. Conversely, inventories at the Cushing, Oklahoma, delivery hub saw an increase of 576 thousand barrels. In terms of refined fuels, gasoline inventories climbed by 5.219 million barrels, while distillate fuel stocks rose by 4.23 thousand barrels, both exceeding the anticipated levels.