US Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care

Affected assets and topics

Article tone

Expected market reaction

Evidence trail

Prediction lifecycle

• Free Analysis Rule Based Analysis not AI OIL Bearish 70% 6h
  Generated → 6h → Excluded

  Expired: not evaluated within 7 days of its 6h timeframe elapsing

Logged at publication, scored automatically once the window closes — never edited.

Original source

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 9.119 million barrels in the week ending June 5. Analysts had expected a 3.4 million draw. In the week prior, US crude oil inventories fell by 6.75 million barrels. Despite inventories dropping by a hard-to-stomach 44 million barrels over the last 8 weeks according to API data, US crude inventories are still up almost 7 million barrels so far this year, according to API data. Inventories in the US Strategic Petroleum Reserve (SPR) are also falling…

Read the full article on OilPrice.com

Original article published by OilPrice.com on June 9, 2026. Analysis and insights provided by AnalystMarkets AI.

More of the OIL narrative

• 12:42 Why Is a Coinbase Co-Founder Chasing Venezuelan Oil Fields? BeInCrypto
• 11:38 Wall Street headed into the red, bond markets are twitchy, while oil keeps pushing higher Yahoo Finance
• 10:44 This Was the Best-Performing Asset Class in August The Motley Fool
• 06:45 U.S. Oil Deal Pushes China and Russia Out of Venezuelan Fields OilPrice.com