Tuesday, May 13, 2025

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Weekly Inventories

U.S. crude oil inventories decrease by 2 million barrels

Weekly Crude Oil Storage as of May 2, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.0 million barrels from the previous week.  At 438.4 million barrels, U.S. crude oil inventories are 7%

U.S. rig count decreased by 6 is at 578

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 6 over last week, resulting in a total count of 578 rigs. Canada had a decrease of 6 over last week, resulting in a total Canadian count of