U.S. commercial crude oil inventories fell -5.8 million bbls to 415.1 million bbls for the week ending June 20, 2025, about -11% below the 5-year seasonal average.

• Crude oil inventories have fallen in each of the last five weeks, with a decline of -28.1 million bbls in that period.
• Gasoline inventories declined -2.1 million bbls and are about -3% below the 5-year average; distillate inventories dropped -4.1 million bbls and remain -20% below average.
• Crude oil refinery inputs rose +125k b/d to 17.0 million b/d; refinery utilization increased to 94.7%.
• Crude oil imports increased +439k b/d to 5.9 million b/d; 4-week average is down -17.4% YoY.
• Total products supplied over the last 4 weeks averaged 20.0 million b/d, down -1.6% YoY; gasoline +0.2%, distillates -3.2%, jet fuel +4.3%.
• Total commercial petroleum inventories declined -4.2 million bbls on the week.