US crude inventories fell by 7.228 million barrels in the week ended June 5, 2026, marking the seventh consecutive weekly decline and surpassing expectations for a 4 million barrel draw. Stocks at the Cushing, Oklahoma hub also decreased by 801,000 barrels, extending their decline for a seventh week. Refinery activity increased, with crude runs rising by 81,000 barrels per day. In contrast, gasoline inventories rose by 186,000 barrels, defying forecasts for a 0.5 million barrel decline, while distillate stocks, including diesel and heating oil, increased by 200,000 barrels, compared with expectations for a 0.5 million barrel draw. Net US crude imports rose by 525,000 barrels per day over the week.