EIA Data Shows 6.1M Barrel US Crude Draw Exceeding Forecasts

On June 24, 2026, the EIA reported US commercial crude inventories fell 6.1 million barrels to 412.1 million in the week ended June 19, surpassing the 3.9-4.5 million barrel consensus. The draw marks the ninth consecutive week of declines and follows an even larger 8.263 million barrel drop the prior week. Despite the tightening signal, gasoline stocks surged 2.1 million barrels and distillates rose 3.064 million, both well above expectations, while refinery runs declined 81,000 b/d. Cushing inventories also dropped 1.1 million barrels. The mixed report keeps market focus on product demand rather than crude alone.