FX.co ★ US Crude Oil Inventories Unexpectedly Fall: EIA

Crude oil inventories in the United States decreased by 2.795 million barrels in the week ending May 23, 2025, contrary to market projections of a 0.6 million barrel rise, as reported by the EIA Petroleum Status Report. Conversely, stocks in the Cushing, Oklahoma, delivery hub increased by 75 thousand barrels. In terms of refined fuels, gasoline inventories fell by 2.441 million barrels, while distillate fuel stocks decreased by 724 thousand barrels.