US Crude Inventories Drop 9.12 Million Barrels for 8th Straight Week
Updated
Updated · Reuters · Jun 9
US Crude Inventories Drop 9.12 Million Barrels for 8th Straight Week
3 articles · Updated · Reuters · Jun 9
Summary
U.S. crude stockpiles fell by 9.12 million barrels in the week ended June 5, extending a drawdown streak to eight consecutive weeks, according to market sources citing API data.
Gasoline inventories also declined by 1.19 million barrels, signaling continued fuel demand, while distillate stocks rose by 1.32 million barrels from the prior week.
The latest API figures mean U.S. crude inventories have fallen for roughly two straight months, underscoring a sustained tightening in oil supplies.