Crude oil inventories in the United States decreased by 7.2 million barrels during the week ending June 5, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday

US commercial crude oil inventories dropped 8 million barrels to 434M, hitting a 20-year low as export demand and refinery activity tighten supply.

US crude oil inventories fell 8 million barrels to 434 million, pushing combined reserves to their lowest in over 20 years amid geopolitical tensions and

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 9.119 million barrels in the week ending June 5

The US EIA projects OECD oil inventories will fall below 2.3 billion barrels, nearing multi-decade lows as Middle East conflict disrupts supply through the

Crude oil inventories in the United States decreased by 7.2 million barrels during the week ending June 5, according to new data from the U.S. Energy Information Administration…

The country still has hundreds of millions of barrels left. But inventories can only get so low before the supply chain starts to break down.

WTI crude fell sharply during the week as traders scaled back expectations of a major U.S.-Iran escalation, outweighing support from a large drawdown in U.S. oil inventories.