From Yahoo Finance: 2025-05-23 17:00:00

Headlines in May continue to show a bearish outlook for oil and natural gas. U.S. crude oil inventory increased by 1.3 million barrels, but is still 15.6 million barrels less than last year. Crude oil inventory at Cushing, Oklahoma, is at a multi-year low, indicating supply/demand firming.

Inventory of major petroleum products is also down at a multi-year low, with distillate oil, gasoline, jet kerosene, and residual all decreasing. Shipments of petroleum products have increased in efforts to minimize tariff costs but decreased last week. The growing economy is expected to fuel an increase in activity this summer.



Read more at Yahoo Finance: Headlines continuing to paint a bearish oil & natural gas picture during the month of May