‎US oil inventories retreat for 3rd straight week

‎US oil inventories retreat for 3rd straight week ‎US oil inventories retreat for 3rd straight week

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Oil tanks

US crude oil inventories retreated for the third straight week in the week ended Dec. 6, shedding as many as 1.4 million barrels, against forecasts for a fall of nearly one million barrels, the Energy Information Administration (EIA) data showed.

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Gasoline stocks, on the other hand, climbed by 5.1 million barrels, with distillate stocks, including diesel and heating oil, also up by about 3.2 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

440.8

423.4

422.0

(1.4)

Gasoline

224.0

214.6

219.7

+5.1

Distillates

113.5

118.1

121.3

+3.2

 

Oil tanks

US crude oil inventories retreated for the third straight week in the week ended Dec. 6, shedding as many as 1.4 million barrels, against forecasts for a fall of nearly one million barrels, the Energy Information Administration (EIA) data showed.

Gasoline stocks, on the other hand, climbed by 5.1 million barrels, with distillate stocks, including diesel and heating oil, also up by about 3.2 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

440.8

423.4

422.0

(1.4)

Gasoline

224.0

214.6

219.7

+5.1

Distillates

113.5

118.1

121.3

+3.2

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