Crude oil inventories in the United States decreased by 8.0 million barrels during the week ending May 29, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.75 million barrels in the week ending May 29

US crude oil inventories fell 6.75M barrels per the API's latest report, nearly double the 3.6M barrel forecast, signaling tighter supply into summer.

Crude oil inventories in the United States decreased by 8.0 million barrels during the week ending May 29, according to new data from the U.S. Energy Information Administration…

US crude oil inventories down 8M barrels as EIA reports tightening supply. Energy and crypto markets may face new dynamics.

The current stock level is 3% below the five-year average typical for this time of the year, the department added

EIA reports a 7.974M barrel drop in US crude stocks for the week ending May 29, 2026, nearly double analyst forecasts, as exports hit near-record highs.