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1. • • Today's EIA report showed that (1) US crude oil inventories as of May 31 were -3.9% below the seasonal 5-year average, (2) gasoline inventories were -0.7% below the seasonal 5-year average, and (3) distillate inventories were -6.8% below the 5-year seasonal average.
     www.nasdaq.com/articles/crude-prices-pressured-build-weekly-eia-inventories

     Crude Prices Pressured by Build in Weekly EIA Inventories

2. People also ask

   Are US crude oil inventories below the seasonal average?

   • Wednesday's EIA report showed that (1) US crude oil inventories as of June 21 were -1.5% below the seasonal 5-year average, (2) gasoline inventories were -0.2% below the seasonal 5-year average, and (3) distillate inventories were -8.8% below the 5-year seasonal average.

   Crude Prices Slip on Tepid Global Energy Demand

   www.theglobeandmail.com/investing/markets/commodities/RBZ19/pressreleases/27110320/crude-prices-slip-on-tepid-global-energy-demand/

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   What are crude oil inventories?

   • The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

   United States Crude Oil Inventories - Investing.com

   www.investing.com/economic-calendar/eia-crude-oil-inventories-75/

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   When will crude oil inventories fall?

   • Crude oil inventories We forecast that U.S. commercial crude oil inventories (inventories that exclude crude oil in the Strategic Petroleum Reserve) will fall near the bottom of the five-year (2019–23) range in July and August 2024 and then increase to near the 2020–24 average during the second half of 2025 (2H25).

   Short-Term Energy Outlook - U.S. Energy Information Administration (EI…

   www.eia.gov/outlooks/steo/report/petro_prod.php

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   Will crude oil inventories increase after August 2024?

   • We forecast that U.S. commercial crude oil inventories will generally increase relative to the five-year average after August 2024, surpassing the average in October 2025. Rising crude oil inventories are driven by increasing U.S. crude oil production and decreasing U.S. refinery runs, along with loosening global oil market balances.

   Short-Term Energy Outlook - U.S. Energy Information Administration (EI…

   www.eia.gov/outlooks/steo/report/petro_prod.php

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   How many barrels of crude oil are in the US?

   • At the end of April, U.S. commercial crude oil inventories were 461 million barrels. We forecast that U.S. commercial crude oil inventories will fall to below 430 million barrels in August, near the previous five-year low for that month.

   Short-Term Energy Outlook - U.S. Energy Information Administration (EI…

   www.eia.gov/outlooks/steo/report/petro_prod.php

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   What causes rising crude oil inventories?

   • Rising crude oil inventories are driven by increasing U.S. crude oil production and decreasing U.S. refinery runs, along with loosening global oil market balances. We forecast that U.S. crude oil production will increase to an average of 13.7 million b/d in 2025, surpassing the previous record of 12.9 million b/d set in 2023.

   Short-Term Energy Outlook - U.S. Energy Information Administration (EI…

   www.eia.gov/outlooks/steo/report/petro_prod.php

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3. www.theglobeandmail.com › investing › marketsCrude Prices Slip on Tepid Global Energy Demand - The Globe ...

   www.theglobeandmail.com › investing › markets

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   7 hours ago · Crude oil and gasoline prices Friday settled moderately lower. ... US crude oil inventories as of June 21 were -1.5% below the seasonal 5-year average, (2) gasoline inventories were -0.2% below ...

4. www.eia.gov › petroleum › supplyWeekly Petroleum Status Report - U.S. Energy Information ...

   www.eia.gov › petroleum › supply

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   Jun 14, 2024 · Weekly Petroleum Status Report. Notice: Table 11 and Table 12 certain spot prices are currently not available. Table 13 futures prices after April 5, 2024, are not available. The petroleum supply situation in the context of historical information and selected prices.

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6. boereport.com › 2024/06/28 › oil-traders-expectOil traders expect large inventory draw in third quarter ...

   boereport.com › 2024/06/28 › oil-traders-expect

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   1 day ago · Cushing inventories were 10 million barrels (-22% or -0.66 standard deviation) below the seasonal average on June 21, little changed from a deficit of 12 million barrels (-27% or -0.89 standard deviation) on December 15.

7. www.nasdaq.com › articles › crude-prices-finishCrude Prices Finish Higher on the Outlook for Global Oil ...

   www.nasdaq.com › articles › crude-prices-finish

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   1 day ago · Crude oil prices have underlying support from concern about the Hamas-Israel conflict. ... US crude oil inventories as of June 21 were -1.5% below the seasonal 5-year average, (2) gasoline ...

8. www.nasdaq.com › articles › crude-prices-pressuredCrude Prices Pressured by Build in Weekly EIA Inventories

   www.nasdaq.com › articles › crude-prices-pressured

   • Cached

   Jun 5, 2024 · Today's EIA report showed that (1) US crude oil inventories as of May 31 were -3.9% below the seasonal 5-year average, (2) gasoline inventories were -0.7% below the seasonal 5-year average, and...

9. www.nasdaq.com › articles › crude-slightly-lowerCrude Slightly Lower on Dollar Strength and Ample US Oil ...

   www.nasdaq.com › articles › crude-slightly-lower

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   Jun 13, 2024 · Wednesday's EIA report showed that (1) US crude oil inventories as of June 7 were -3.6% below the seasonal 5-year average, (2) gasoline inventories were -0.5% below the seasonal 5-year average,...

10. www3.eia.gov › outlooks › steoShort-Term Energy Outlook - U.S. Energy Information ...

    www3.eia.gov › outlooks › steo

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    Jun 11, 2024 · As a result, we expect oil prices will increase to an average of $87/b in 4Q24 and $88/b in 1Q25. As global oil inventories rise during most of 2025, we forecast the Brent crude oil price will gradually fall to an average of $83/b by 4Q25.