U.S. commercial crude oil inventories fell -11.5 million bbls (vs -2.3 million bbls expected) to 420.9 million bbls for the week ending June 13, 2025, roughly -10% below the 5-year seasonal average.

• Gasoline inventories rose +0.2 million bbls and are about -2% below the 5-year average; distillate inventories increased +0.5 million bbls but remain -17% below average.
• Crude oil refinery inputs fell -365k b/d to 16.9 million b/d; refinery utilization slipped to 93.2%.
• Crude oil imports dropped -672k b/d to 5.5 million b/d; 4-week average is down -16.5% YoY. Net imports dropped -1.75 million b/d with the 4-week average down -33.7% YoY.
• Total products supplied averaged 20.0 million b/d over 4 weeks, down -0.3% YoY; gasoline -0.9%, distillates -4.2%, jet fuel +2.9%.
• Total commercial petroleum inventories declined -6.6 million bbls on the week.