US crude inventories are expected to have fallen last week amid weather-related Gulf of Mexico production losses and a drop in imports, an S&P Global Platts analysis showed June 15. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Inventories likely fell by 3.5 million barrels to roughly 535 million barrels, based on the most recent US Energy Information Administration data. Still, that would leave stocks at around a 13.5% surplus to the five-year average. Inventories have climbed this year because of low demand caused by the coronavirus pandemic. US Gulf Coast inventories at 303.7 million barrels the week ending June 5 were 27% above the five-year average, EIA data showed. Offshore platforms were in the process of returning last week after shutting […]