US Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care
The draw topped forecasts by nearly 6 million barrels as gasoline stocks also fell and SPR withdrawals pushed reserves to the lowest since August 2023.
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United States API Crude Oil Stock Change
API Crude Oil Stock Change in the United States decreased to -9.12 BBL/1Million in June 5 from -6.75 BBL/1Million in the previous week. This page provides - United States API Crude Oil Stock Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Concerns rising as U.S. oil reserves decline | Iowa Agribusiness Radio Network
While still elevated, oil prices have dipped slightly, well off the high-water mark we saw back in April. Patrick DeHaan, the senior petroleum analyst with Gasbuddy.com, says there are several things helping oil prices. https://d30hko96l9xirl.cloudfront.net/Iowamediafolder/2026/06/06102026-dehaan-01.mp3 Oil prices are also being helped by China, which, over the past couple of months, reduced its import consumption dramatically, falling from 11 million barrels of oil a day before the war to a little over nine million barrels in April. DeHaan added that those numbers could drop even more in June. One of the bigger concerns right now is the U.S. Strategic Reserve, which continues to decline roughly eight to ten million barrels weekly. https://d30hko96l9xirl.cloudfront.net/Iowamediafolder/2026/06/06102026-dehaan-02.mp3 When it comes to fuel prices, DeHaan noted the West Coast continues to pay some of the highest prices in the nation, with Hawaii, California, and Washington recording the highest gasoline and diesel prices.
The stocks of crude oil in the United States fell last week. A sign that the world is turning to American black gold, while the United States' oil... Read more American oil is breaking up, reserves are collapsing has appeared first on Le Singulier.
The private data from the API points to a sharp drop in inventories and a decline in Cushing, just as the barrel moves to the compass of geopolitics.
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