US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 17.2 million barrels in the week ended June 12 following a decrease of 15.2 million barrels in the previous week.
Excluding inventories in the SPR, commercial crude oil stocks fell by 8.3 million barrels after a 7.2-million-barrel decline in the previous week, a larger drop than the 3-million-barrel decrease expected in a survey compiled by Bloomberg.
Stocks in the SPR were down 8.9 million in the week after falling by 7.9 million in the previous week.
Overall crude oil stocks were down 2.2% from the previous week and down 7.9% from a year earlier. Crude oil inventories are about 6% below the five-year average for this time of the year.
Gasoline stocks fell by 900,000 barrels, less than the 1.0-million-barrel decrease expected. Gasoline stocks were down 0.4% from the previous week and 6.9% from a year earlier.
Distillate stocks rose by 1.0 million barrels in the current week, compared with an expected decrease of 0.5 million barrels. Distillate stocks were up 0.9% from the previous week but were still 5.8% lower than in the same week a year ago.
Refineries operated at 96.7% of their capacity, up from 95.3% in the previous week.