EIA: U.S. crude oil inventory decreased by 3.17 million barrels last week

EIA: U.S. crude oil inventory decreased by 3.17 million barrels last week

Investors and financial professionals are closely monitoring the latest developments in the global oil market, as significant changes in U.S. crude oil inventory levels have been reported. According to the U.S. Energy Information Administration (EIA), U.S. crude oil inventories decreased by 3.17 million barrels last week, ending on July 11, 2025 [1].

This drop in inventory levels was larger than the expected decrease of 1.8 million barrels, indicating a tightening market condition. The EIA reported that U.S. crude oil stocks fell to 422.2 million barrels, which was a notable decrease from the previous week's level of 426.1 million barrels [1].

The decline in crude oil inventories was accompanied by an increase in gasoline and distillate fuel inventories. Gasoline inventories rose by 3.4 million barrels, while distillate fuel inventories increased by 4.2 million barrels. These increases are likely attributed to strong refinery throughput and rising imports, which have contributed to a tighter domestic crude supply balance [1].

The recent decrease in U.S. crude oil inventories has been influenced by geopolitical factors, such as the ongoing conflict in Ukraine and potential U.S. tariff announcements. President Donald Trump's decision to give Russia a 50-day grace period to end the war in Ukraine has led to a temporary easing of oil prices, but investors remain cautious about the potential impact of new tariffs on oil demand [1].

Despite the decrease in crude oil inventories, oil prices have shown some volatility. Brent Oil Futures and West Texas Intermediate (WTI) crude futures have experienced fluctuations in recent days, reflecting the market's response to the latest data and geopolitical developments. Brent Oil Futures rose 0.3% to $68.69 per barrel, while WTI crude futures jumped 0.6% to $66.76 per barrel [1].

The EIA's latest report highlights the importance of monitoring U.S. crude oil inventory levels, as they play a crucial role in shaping market dynamics and influencing oil prices. As the global oil market continues to evolve, investors and financial professionals should stay informed about the latest developments and adjust their strategies accordingly.

References:
[1] https://www.investing.com/news/commodities-news/oil-prices-snap-3day-losing-streak-as-us-crude-stockpiles-drop-4138661
[2] https://www.nasdaq.com/articles/crude-oil-slips-even-data-revealed-decrease-us-inventories
[3] https://www.eia.gov/petroleum/supply/weekly/
[4] https://www.marketscreener.com/news/u-s-crude-oil-stockpiles-drop-3-8-million-barrels-in-week-ended-july-11-as-gasoline-distillates-ri-ce7c5cd9da8ff327