Crude oil inventories in the US fell by 3.029 million barrels in the week ended August 1, 2025, more than market expectations of a 1.1 million decline, according to data from the EIA Petroleum Status Report. Meanwhile, stocks in the Cushing, Oklahoma, delivery hub increased by 453 thousand barrels. Among refined fuels, gasoline stocks dropped by 1.323 million barrels while stocks of distillate fuels fell by 0.565 million barrels.