U.S. crude oil inventories tracked by the American Petroleum Institute (API) declined for a second consecutive week, though at a slightly slower pace, according to the latest data updated on 16 June 2026.
API Weekly Crude Oil Stock showed a draw of 8.330 million barrels, following a deeper prior decline of 9.119 million barrels. While the data continue to signal tightening crude supply in the United States, the moderation in the size of the draw suggests a marginal easing in the pace of inventory reduction.
Traders and analysts often look to the API figures as an early indication of broader inventory trends that can influence crude price dynamics, refining margins, and expectations ahead of official government stockpile reports.
