U.S. commercial crude oil inventories fell -4.3 million bbls to 436.1 million bbls for the week ending May 30th, 2025, down -4.3% YoY and about -7% below the 5-year seasonal average.

• Gasoline inventories rose +5.2 million bbls to 228.3 million, about -1% below the 5-year average; distillates increased +4.2 million bbls but remain -16% below average.
• Crude oil refinery inputs rose +670k b/d to 17.0 million b/d; utilization climbed to 93.4%.
• Net crude oil imports (4-week average) were 2.39 million b/d, down -1.0% YoY; total product imports net -2.61 million b/d.
• Total products supplied averaged 19.8 million b/d over 4 weeks, down -0.9% YoY; gasoline -3.1%, distillates -4.3%, jet fuel -2.2%.
• WTI crude fell to $61.46/bbl (down -$1.43 WoW, -$16.51 YoY); retail gasoline averaged $3.13/gal (down -$0.39 YoY), and diesel $3.45/gal (down -$0.28 YoY).