US commercial crude oil inventories decreased by 0.8% during the week ending June 6, according to data released by the Energy Information Administration (EIA) late Wednesday.
Inventories fell by around 3.6 million barrels to 432.4 million barrels, a larger draw than the market prediction of a 2.4 million barrels decline.
Strategic petroleum reserves, which are excluded from commercial crude stocks, increased by 200,000 barrels, reaching 402.1 million barrels, the data revealed.
Over the same period, gasoline inventories rose by around 1.5 million barrels to 229.8 million barrels.
- Crude production increases
EIA data showed that US crude oil production rose by 20,000 barrels per day (bpd) to about 13.42 million bpd during the week ending June 6.
US crude oil imports decreased by 170,000 bpd to approximately 6.17 million bpd, while exports fell by 621,000 bpd to around 3.28 million bpd over the same period.
In the Short-Term Energy Outlook (STEO) released on June 10, the EIA projected that crude oil output in the country would average 13.4 million bpd in 2025.
By Handan Kazanci
Anadolu Agency