FX.co ★ US Crude Oil Inventories Fall Most in One Year

U.S. crude oil inventories saw a significant reduction of 11.473 million barrels for the week ending June 13, 2025, marking the largest decline in a year. This decrease far surpassed market predictions, which anticipated a drop of just 2.3 million barrels, as reported by the EIA Petroleum Status Report. Additionally, inventories at the Cushing, Oklahoma, delivery hub decreased by 995,000 barrels. Regarding refined products, gasoline stocks experienced a slight increase of 209,000 barrels, while distillate fuel stocks saw a rise of 514,000 barrels.