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  • 1 hourEnergy Prices Drive U.S. Inflation To Three-Year High

  • 2 hoursHormuz Shutdown Forces Malaysia to Overhaul Crude Supply Chain

  • 3 hoursEnQuest Bets $833 Million on Malaysia's Offshore Oil

  • 4 hoursEU Moves Against Russian LNG Shipping As Arctic Gas Imports Surge

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  • 6 hoursSolar Tops Coal in U.S. Power Mix for the First Month Ever

  • 7 hoursKazakhstan Oil Buyers Demand More Supply as Hormuz Closure Tightens Market

  • 8 hoursChina Begins Tapping Oil Stockpiles as Middle East Crisis Drags On

  • 9 hoursAlberta Eyes General Corridor for New Pacific Oil Pipeline

  • 10 hoursU.S. Company to Send 250,000 Barrels of Fuel to Cuba

  • 11 hoursU.S. to Release LNG and LPG Reserves to ASEAN Countries

  • 12 hoursJapan Secures Major LNG Deal as Energy Risks Mount

  • 15 hoursOil Prices Jump After U.S. Strikes Iran Over Downed Apache

  • 22 hoursUS Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care

  • 23 hoursBLM Opens Review of 126,744 Acres for Colorado Oil and Gas Lease Sale

  • 24 hoursQatarEnergy Adds Another Oil Discovery to Namibia's Hot Streak

  • 1 dayKuwait Offers First Crude Cargoes to Asia since Iran War Started

  • 1 dayIndia's Fuel Demand Falls 6.5%, LPG Consumption Drops 20%

  • 1 dayIndia Eyes Russian Steelmaking Coal Assets

  • 1 dayTechnip and Airbus Create Sustainable Aviation Fuel JV

  • 1 dayWorld's 65 Biggest Banks Pumped $906 Billion Into Fossil Fuels in 2025

  • 1 dayMorgan Stanley Sees Asian LNG Prices Soaring to 3.5-Year High

  • 1 dayThe Oil Shock Is Weakening India’s Economy and Finances

  • 1 dayAsia Is in the Eye of the Energy Crisis

  • 1 dayChina’s Oil Imports Plummet to Eight-Year Low

  • 2 daysMore LNG Tankers Slip Through the Strait of Hormuz

  • 2 daysRussia Slashes Oil Exports As Fuel Shortages And Drone Attacks Bite

  • 2 daysIranian Official Says Hormuz to Reopen with New Toll Regime

  • 2 daysWeak Chinese Demand Forces Cuts to Iranian Crude Prices

  • 2 daysChina's LNG Imports Hit Highest Point Since Iran War Began

  • 2 daysEscalating Strike Action at Australian LNG Sites Could Hit Supply

  • 2 daysEurozone Fuel Sales Fall 3.5% as Iran War Sends Prices Surging

  • 2 daysBrent Climbs to $94 as Houthis Target Israeli Vessels in Red Sea

  • 2 daysChina Delays 500,000 Bpd Of Refining Capacity As Hormuz Disruptions Deepen

  • 2 daysSaudi Arabia Slashes Oil Prices Again as Asian Demand Weakens

  • 2 daysIsrael Hits Iranian Petrochemical Plant as War Escalates

  • 2 daysChina Dominates Global Low-Carbon Investment as U.S. Momentum Slows

  • 2 daysAsian Coal Prices Surge as Indonesia Tightens Export Controls

  • 3 daysOPEC+ Approves Another Oil Output Hike for July

  • 3 daysOil Prices Spike After Iran and Israel Exchange Missile Attacks

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Hormuz Shutdown Forces Malaysia to Overhaul Crude Supply Chain

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Julianne Geiger

Julianne Geiger

What I Cover Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and…

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U.S. Oil Inventories Continue Slide as Refiners Boost Runs

By Julianne Geiger - Jun 10, 2026, 9:39 AM CDT

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. The decrease brings commercial stockpiles to 426.5 million barrels, according to government data, which is now 5% below the five-year average for this time of year.

The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories saw a draw of 9.119 million barrels in the period.

Crude prices were rising in mid-morning trading. At 10:07 a.m. in New York, Brent was trading at $92.82 per barrel—up $1.37 (+1.50%) on the day, but down roughly $5.40 per barrel from this time last week. WTI was also trading up on the day, by $1.61 per barrel (+1.83%) on Wednesday morning at $89.81.

For total motor gasoline, the EIA reported that inventories had increased by 200,000 barrels, on top of the week prior’s 3.4 million barrel increase. The most recent figures showed that average daily gasoline production increased to 9.7 million barrels. For middle distillates, inventories decreased by 200,000 barrels with production increasing to an average of 5.2 million barrels daily. Distillate inventories are now 13% below the five-year average.

Total products supplied—a proxy for U.S. oil demand—averaged 20.6 million barrels per day over the last four weeks, up 3.5% compared to the same period last year. Gasoline demand averaged 8.8 million barrels per day over the last four weeks, while the distillate four-week average supplied averaged 3.7 million barrels—up 7.2% percent year over year.

By Julianne Geiger for Oilprice.com

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Julianne Geiger

Julianne Geiger

What I Cover Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and…

More Info

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