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US Commercial Crude Oil Inventories Drop by 8.3 Million Barrels to 418.2 Million

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US commercial crude oil inventories, which exclude those in the Strategic Petroleum Reserve, dipped by 8.3 million barrels to 418.2 million in the week to June 12, the US Energy Information Administration said on Wednesday, about 6% below the five-year average.

Gasoline inventories fell by 900,000 barrels from the previous week and stand also 6% below the five-year average. Distillate inventories were up by 1.0 million barrels and are about 13% under the five-year average.

Propane and propylene inventories increased by 3.0 million barrels from the previous week, taking them 36% above the five-year average.

Total commercial petroleum inventories decreased by 7.9 million barrels versus the previous week. Total products supplied in the last four-week period were 20.6 million barrels per day on average, rising 3.3% over that period in 2025.

Motor gasoline supply averaged 8.9 million b/d, down 1.1% from the same period last year. Distillate fuel product supplied averaged 3.7 million b/d in the last four weeks, up 5.5% from the same period last year.

US crude oil refinery inputs averaged 17.2 million b/d in the week to June 12, 230,000 b/d more than in the previous week.

Refineries operated at 96.7% of capacity during the week to June 12, the EIA said.

Gasoline production increased to 10.1 million b/d. Distillate fuel production fell to an average of 5.2 million b/d.

Crude imports into the US averaged 5.1 million b/d in the week to June 12, down by 754,000 barrels from the previous week. Those imports over a four-week period averaged 5.7 million b/d, 7.2% lower than in the same period of 2025.

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