EIA: US crude inventories fell to the lowest levels since March 2020

The Energy Information Agency has published the latest US crude inventory data that showed a drop of 7.6 million barrels by the week ending 18 June 2021 to 459.1 million barrels – the lowest levels since March 2020.

Refinery utilization rates fell 0.4 points to 92.2 percent.

Gasoline inventories fell 2.9 million barrels, beating analysts’ expectations, which highlighting the revived demand for the summer driving season.