
06/17/2025
US Crude Oil Inventories See Sharp Drawdown, Bolstering Market Confidence
* The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell sharply, by 10.133 million barrels in the week ending June 13 after analysts had estimated a 600,000-barrel draw. The API reported a 337,000 barrel inventory decrease in the prior week.
So far this year, crude oil inventories are up 7.6 million barrels, according to Oilprice calculations of API data.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell sharply