{"id":15557,"date":"2026-07-02T13:43:11","date_gmt":"2026-07-02T10:43:11","guid":{"rendered":""},"modified":"2026-07-02T13:43:11","modified_gmt":"2026-07-02T10:43:11","slug":"us-commercial-crude-oil-stocks-fall-to-lowest-level-since-2018","status":"publish","type":"post","link":"https:\/\/harici.com.tr\/en\/us-commercial-crude-oil-stocks-fall-to-lowest-level-since-2018\/","title":{"rendered":"US commercial crude oil stocks fall to lowest level since 2018"},"content":{"rendered":"

US commercial crude oil inventories fell to their lowest level since 2018 in the week ending June 26 as demand from domestic refineries increased, according to weekly data released<\/a><\/span> by the US Energy Information Administration (EIA).<\/p>\n

The data also showed a decline in gasoline inventories ahead of the July 4 Independence Day holiday.<\/p>\n

The EIA reported that commercial crude oil inventories fell by 3.8 million barrels during the week to 408.4 million barrels, the lowest level recorded since September 2018.<\/p>\n

Since Feb. 28, when the war with Iran began, total US oil inventories, including commercial crude stocks and government-controlled emergency reserves, have declined by 120.71 million barrels to 734 million barrels.<\/p>\n

That marks the lowest level since May 1984.<\/p>\n

The EIA said crude oil inventories at the Cushing, Oklahoma delivery hub rose by 709,000 barrels during the week after declining for nine consecutive weeks, having previously fallen below the site’s operational minimum of about 20 million barrels.<\/p>\n

Following the data release, Brent crude futures extended their decline, with prices falling 1.6%.<\/p>\n

US crude futures were little changed after the inventory draw came in smaller than expected, trading about 1% lower.<\/p>\n

The EIA said refinery crude oil inputs increased by 85 per day, while refinery utilization rose by 0.5 percentage points to 96.6% during the week.<\/p>\n

Commenting on the data, Again Capital partner John Kilduff said: “US refineries are running at full capacity, and that is an absolutely critical requirement.”<\/p>\n

Gasoline supplied, a key indicator of demand, increased by 356,000 barrels per day last week to 9.13 million barrels per day. The data also showed US gasoline inventories fell by about 2.3 million barrels during the week to 214 million barrels.<\/p>\n

US gasoline futures held onto gains and rose 1.1% after the report showed a larger-than-expected decline in gasoline inventories.<\/p>\n

The American Automobile Association (AAA) said the national average retail gasoline price stood at about $3.85 per gallon.<\/p>\n

US President Donald Trump said on Monday that gasoline retailers should immediately lower prices, warning they would face “big problems” in the future if they failed to do so. Trump urged retailers to target a price of $2.50 per gallon.<\/p>\n

The data showed inventories of distillate fuels, which include diesel and heating oil, rose by 2.5 million barrels to 108.6 million barrels, contrary to expectations for a draw of 500,000 barrels.<\/p>\n

US diesel futures surrendered part of their gains following the unexpected increase in distillate inventories but remained up about 0.4%.<\/p>\n

The EIA also reported that US net crude oil imports increased by 370,000 barrels per day.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

US commercial crude oil inventories fell to their lowest level since 2018 in the week ending June 26 as demand from domestic refineries increased, according to weekly data released by the US Energy Information Administration (EIA). The data also showed a decline in gasoline inventories ahead of the July 4 Independence Day holiday. The EIA […]<\/p>\n","protected":false},"author":1,"featured_media":15558,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[176],"tags":[19206,19985,19986,9476,19975,7308,19977,16948,19981,319,19974,19980,503,19982,19984,19983,19979,19978,19976,1192,17552,5950],"class_list":["post-15557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-america","tag-aaa","tag-again-capital","tag-american-automobile-association","tag-brent-crude","tag-commercial-crude-inventories","tag-crude-oil","tag-cushing-oklahoma","tag-diesel","tag-distillate-inventories","tag-donald-trump","tag-eia","tag-gasoline-inventories","tag-headline","tag-heating-oil","tag-john-kilduff","tag-net-crude-imports","tag-refinery-demand","tag-refinery-utilization","tag-strategic-petroleum-reserve","tag-united-states","tag-us-energy-information-administration","tag-wti"],"yoast_head":"\nUS commercial crude oil stocks fall to lowest level since 2018 - 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