U.S. Crude Inventories Post Another Major Draw | EN590 Commodities
EN590 Commodities GroupCrude Oil June 24, 2026
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Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and… Crude oil inventories in the United States decreased by 6.1 million barrels during the week ending June 19, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 412.1 million barrels, according to government data, which is now 7% 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 of765,000 barrelsin the period. Crude prices were down in mid-morning trading. A
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