• Date: 03 June 2026
  • Extracted Insight:
  • US crude oil stockpiles fell 8 million barrels to 433.7 million barrels for the week ended 29 May, beating the 4 million‑barrel draw forecast.
  • Cushing, Oklahoma crude stocks declined 583,000 barrels.
  • Gasoline inventories rose 3.4 million barrels to 215 million barrels, opposite to the expected 0.5 million‑barrel draw.
  • Distillate inventories (diesel & heating oil) increased 1.5 million barrels to 102.3 million barrels, contrary to the anticipated 0.3 million‑barrel decline.
  • Refinery crude runs slipped 90,000 barrels per day; refinery utilization rose 0.2 percentage points to 94.7 %.
  • Net US crude imports fell 249,000 barrels per day.
  • Relevance: Economic/Market-related
  • Potential Market Impact: Positive – inventory drawdown likely supports higher oil prices; Immediate/Short-Term effect.