U.S. Crude-Oil Stockpiles Post Weekly Decline

Dow Jones12-11

By Anthony Harrup

U.S. crude oil inventories fell last week and product stocks increased as refineries raised their capacity use, according to data released Wednesday by the U.S. Energy Information Administration.

Commercial crude-oil stocks excluding the Strategic Petroleum Reserve fell by 1.8 million barrels to 425.7 million barrels in the week ended Dec. 5 and were about 4% below the five-year average for the time of year, the EIA said. Crude stocks were expected to have fallen by 1.6 million barrels, according to a Wall Street Journal survey of analysts.

Oil stored in the SPR rose by 248,000 barrels to 411.9 million barrels. Oil stocks at Cushing, Okla., the Nymex delivery hub, were up by 308,000 barrels at 21.6 million barrels.

U.S. crude-oil production averaged more than 13.8 million barrels a day, up by 38,000 barrels a day from the week before, according to EIA estimates. Crude imports rose by 609,000 barrels a day to 6.6 million barrels a day, and exports were up by 396,000 barrels a day at 4 million barrels a day.

Refinery-capacity use rose to 94.5% from 94.1% the previous week, with crude input to refineries little changed at 16.9 million barrels a day. Refinery runs were forecast to have risen by 0.2 of a percentage point in the Journal survey.

Gasoline inventories jumped by 6.4 million barrels to 220.8 million barrels and were 1% below the five-year average, the EIA said. Gasoline demand rose by 130,000 barrels a day to around 8.5 million barrels a day. Gasoline stocks were expected to have increased by 2 million barrels.

Distillate fuel stocks were up by 2.5 million barrels at 116.8 million barrels versus expectations of an 800,000-barrel increase. Distillate stocks were 7% below the five-year average for the time of year.

 
Change in U.S. oil inventories for the week ended Dec. 5: 
 
                   Crude       Gasoline      Distillates        Refinery Use 
EIA data:          -1.8           6.4            2.5                 0.4 
Forecast:          -1.6           2.0            0.8                 0.2

Note: Numbers in millions of barrels, with the exception of refinery use, which is in percentage points.

Write to Anthony Harrup at anthony.harrup@wsj.com

(END) Dow Jones Newswires

December 10, 2025 11:01 ET (16:01 GMT)

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U.S. Crude-Oil Stockpiles Post Weekly Decline

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