U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 3.8 million barrels from the week ending June 21 to the week ending June 26.That’s what the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report, which was released on July 2 and included data for the week ending June 26.The report showed that crude oil stocks, not including the SPR, stood at 408.4 million barrels on June 26, 412.1 million barrels on June 19, and 419.0 million barrels on June 27, 2025. The report highlighted that data may not add up to totals due to independent rounding.
Crude oil in the SPR stood at 325.7 million barrels on June 26, 331.2 million barrels on June 19, and 402.8 million barrels on June 27, 2025, the report outlined. Total petroleum stocks – including crude oil, total motor gasoline, fuel ethanol, kerosene type jet fuel, distillate fuel oil, residual fuel oil, propane/propylene, and other oils – stood at 1.527 billion barrels on June 26, the report showed. Total petroleum stocks were down 6.3 million barrels week on week and down 115.6 million barrels year on year, the report revealed.
“At 408.4 million barrels, U.S. crude oil inventories are about seven percent below the five-year average for this time of year,” the EIA said in its latest weekly petroleum status report.
Total motor gasoline inventories decreased by 2.3 million barrels from last week and are seven percent below the five-year average for this time of year. Both finished gasoline and blending component inventories decreased last week,” it added.
“Distillate fuel inventories increased by 2.5 million barrels last week and are about eight percent below the five-year average for this time of year. Propane/propylene inventories increased by 1.3 million barrels from last week and are 33 percent above the five-year average for this time of year,” it continued.
U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending June 26, according to the report, which noted that this was 85,000 barrels per day more than the previous week’s average