US Crude Oil Market Faces Bearish Momentum Amid Rising Supply and Weak Demand

According to the U.S. Energy Information Administration (EIA), U.S. crude oil refinery inputs averaged **.* million barrels per day for the week ending June **, **** — up **,*** barrels per day from the prior week. Refineries operated at **.** of operable capacity, reflecting near-peak processing activity. Gasoline production rose to **.* million barrels per day, while distillate fuel production eased to *.* million barrels per day. Despite this operational strength, WTI benchmark prices collapsed from $**.**/MT at the start of June to $**.**/MT by month-end — a **.** monthly decline — with the latest weekly price settling at $**.**/MT, reflecting markets rapidly absorbing policy and logistical shifts.

EIA data revealed U.S. crude oil imports averaged *.* million barrels per day, falling by ***,*** barrels per day week-on-week. Over the past four weeks, imports averaged *.* million barrels per day — **.** below year-ago levels. Adding further supply-side pressure, a U.S. Senate decision to suspend crude oil exports forced outbound barrels back into domestic hubs, while...