‎US oil inventories shed 4.3M barrels last week

‎US oil inventories shed 4.3M barrels last week ‎US oil inventories shed 4.3M barrels last week

​‎

Oil tanks

Crude oil inventories in the US fell more than expected in the week ended May 30, signaling a rebound in US energy demand, according to a report released by the Energy Information Administration (EIA).

Advertisement

Crude oil inventories decreased by about 4.3 million barrels last week, compared to expectations for a fall of about 1.3 million barrels.

Gasoline inventories increased by 5.2 million barrels, against forecasts for of a 400,000-barrel decline. Distillate stocks—including diesel and heating oil—rose by 4.2 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

455.9

440.4

436.1

(4.3)

Gasoline

230.9

223.1

228.3

+5.2

Distillates

122.5

103.4

107.6

+4.2

 

Oil tanks

Crude oil inventories in the US fell more than expected in the week ended May 30, signaling a rebound in US energy demand, according to a report released by the Energy Information Administration (EIA).

Crude oil inventories decreased by about 4.3 million barrels last week, compared to expectations for a fall of about 1.3 million barrels.

Gasoline inventories increased by 5.2 million barrels, against forecasts for of a 400,000-barrel decline. Distillate stocks—including diesel and heating oil—rose by 4.2 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

455.9

440.4

436.1

(4.3)

Gasoline

230.9

223.1

228.3

+5.2

Distillates

122.5

103.4

107.6

+4.2

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement