U.S. Crude Inventories Drop 15 Million Barrels in Two Weeks

U.S. commercial crude inventories fell 7.2 million barrels to 426.5 million in the week ended June 5, marking a second consecutive sharp decline. Combined with the prior week's 8 million-barrel drop, the drawdown reflects a 5.8% year-on-year slide in crude imports. Stocks now sit near their seasonal lows since early 2026. Domestic production must rise to prevent reserves from breaching 420 million barrels.