The Oil Report

The Oil Report

EIA Inventory data

We are about to print history

Tim Duggan's avatar
Tim Duggan
Jun 03, 2026
∙ Paid

Week ending May 29, 2026 Released: Wed, Jun 3

The Number

The US drew another 7.99 MMbbl from the SPR this week, with commercial crude matching at 7.97 MMbbl and Cushing pulling another 0.58 on top. That is 16 MMbbl of crude leaving the system in seven days, and the SPR is now well below 30 days of US refinery coverage. At the announced 1.43 mb/d release s…

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