FX.co ★ US Crude Oil Stocks Fall More than Expected

In the week concluding on March 21, 2025, crude oil inventories in the United States dropped by 3.341 million barrels, significantly surpassing market predictions of a 1.6 million barrel reduction, according to the EIA Petroleum Status Report. Additionally, crude oil stocks at the Cushing, Oklahoma, delivery hub saw a decline of 0.755 million barrels, following a previous decrease of 1.009 million barrels. Gasoline inventories decreased by 1.446 million barrels, slightly less than the anticipated 1.6 million barrel reduction. Meanwhile, distillate stockpiles, which include diesel and heating oil, fell by 0.421 million barrels, which is below the expected decrease of 1.5 million barrels.