Financial News: U.S. Crude Oil Inventories Unexpectedly Fall By 3.6

U.S. Crude Oil Inventories Unexpectedly Fall By 3.6 Million Barrels

06/11/2025 - 10:39:00 (RTTNews)

(RTTNews) - The Energy Information Administration released a report on Wednesday showing an unexpected decrease by U.S. crude oil inventories in the week ended June 6th.

The report said crude oil inventories fell by 3.6 million barrels last week after declining by 4.3 million barrels in the previous week. Economists had expected crude oil inventories to inch up by 0.1 million barrels.

At 432.4 million barrels, U.S. crude oil inventories are about 8 percent below the five-year average for this time of year, the EIA said.

Meanwhile, the EIA said gasoline inventories increased by 1.5 million barrels last week but remain about 2 percent below the five-year average for this time of year.

The report said distillate fuel inventories, which include heating oil and diesel, also rose by 1.2 million barrels last week but remain about 17 percent below the five-year average for this time of year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Thirty-Year Bond Auction Attracts Average Demand (04 hr(s), 33 min(s), 02 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $22 billi ...Full Story»

Portugal Inflation Confirmed At 2.3% (07 hr(s), 46 min(s), 02 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation increased slightly as initially estimated in M ...Full Story»

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected (07 hr(s), 54 min(s), 02 sec(s) ago)
(RTTNews) - After reporting an unexpected decrease by U.S. producer prices in the previous month, ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High (07 hr(s), 57 min(s), 02 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»

Irish Inflation Eases To 5-month Low (08 hr(s), 55 min(s), 02 sec(s) ago)
(RTTNews) - Ireland's consumer price inflation moderated in May to the lowest level in five mo ...Full Story»

U.S. Producer Prices Inch Up Less Than Expected In May (09 hr(s), 07 min(s), 02 sec(s) ago)
(RTTNews) - After reporting an unexpected decrease by U.S. producer prices in the previous month, ...Full Story»

U.S. Weekly Jobless Claims Unchanged At 248,000 (09 hr(s), 13 min(s), 02 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»

India Inflation Eases To 2.82%, Lowest Since February 2019 (10 hr(s), 24 min(s), 02 sec(s) ago)
(RTTNews) - India's consumer price inflation eased further in May to the lowest level in more ...Full Story»