US commercial crude oil inventories fell by 1.5% in the week ending June 19, according to data released by the Energy Information Administration (EIA) on Wednesday.
Inventories declined by around 6.1 million barrels to 412.1 million barrels, whereas market expectations had forecast a decrease of around 3.9 million barrels.
Strategic petroleum reserves, which are excluded from commercial crude stocks, also fell by about 9.1 million barrels to 331.2 million barrels, the data revealed.
Over the same period, gasoline inventories increased by approximately 2.1 million barrels to 216.3 million barrels.
- Crude production increases
EIA data showed that US crude oil production rose by 13,000 barrels per day (bpd) to about 13.82 million bpd during the week ending June 19.
US crude oil imports increased by 436,000 bpd to around 5.6 million bpd, and exports rose by 342,000 bpd to about 4.7 million bpd over the same period.
In its Short-Term Energy Outlook (STEO) released on June 9, the EIA forecasted that US crude oil output would average 13.72 million bpd in 2026.
By Duygu Alhan
Anadolu Agency
energy@aa.com.tr
