The Oil Report

The Oil Report

EIA Inventory Report

What is the actual bottom level on Cushing?

Tim Duggan's avatar
Tim Duggan
Jun 24, 2026
∙ Paid

Week ending Jun 19, 2026. Released: Jun 24, 2026

  • US EIA Crude Oil Stocks Change (06/19): -6.088M vs. Exp -4.89M (Prev. -8.263M)

  • US EIA Cushing Crude Oil Stocks Change (06/19): -1.077M (Prev. -1.606M)

  • US EIA Gasoline Stocks Change (06/19): +2.064M (Prev. -0.906M)

  • US EIA Distillate Stocks Change (06/19): +3.064M vs. Exp -0.3M (Prev. +0.951M)

  • US EIA Weekly Crude Production (06/19): 13.819M bbl/d

Notable this week

  • SPR: lowest level since 1983

  • SPR: #3 biggest weekly draw since 2014 (-8.94 MMbbl)

  • Residual Exports: #3 lowest level since 201

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