Tuesday, June 2, 2026
EIA Shows US Crude Oil Inventories Growing- oil and gas 360

EIA shows US crude oil inventories growing

(Oil Price)– Crude oil inventories in the United States increased by 3.0 million barrels during the week ending August 8, after dropping by 3 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 426.7 million barrels according to government data, which is 6%

Macquarie forecasts 6.5 million barrel drop in US crude inventories- oil and gas 360

Macquarie forecasts 6.5 million barrel drop in US crude inventories

(Investing) – Macquarie is forecasting a 6.5 million barrel decrease in U.S. crude inventories for the week ending June 13, according to the firm’s energy strategist, Walt Chancellor. This projected decline follows a 3.6 million barrel draw in the previous week, when the crude balance was looser than Macquarie had anticipated despite strong refinery activity. The firm expects crude runs to moderate by