‎US oil inventories fall 11.5M barrels last week

‎US oil inventories fall 11.5M barrels last week ‎US oil inventories fall 11.5M barrels last week

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Oil tanks

Crude oil inventories in the US fell more than expected in the week ended June 13, signaling a rebound in US energy demand, according to a report released by the Energy Information Administration (EIA).

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Crude oil inventories decreased by about 11.5 million barrels last week, compared to expectations for a fall of about 1.6 million barrels.

Meanwhile, gasoline inventories increased by 200,000 barrels, and distillate stocks—including diesel and heating oil—rose by500,000barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

457.1

432.4

420.9

(11.5)

Gasoline

231.2

229.8

230.0

+0.2

Distillates

121.6

108.9

109.4

+0.5

 

Oil tanks

Crude oil inventories in the US fell more than expected in the week ended June 13, signaling a rebound in US energy demand, according to a report released by the Energy Information Administration (EIA).

Crude oil inventories decreased by about 11.5 million barrels last week, compared to expectations for a fall of about 1.6 million barrels.

Meanwhile, gasoline inventories increased by 200,000 barrels, and distillate stocks—including diesel and heating oil—rose by500,000barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

457.1

432.4

420.9

(11.5)

Gasoline

231.2

229.8

230.0

+0.2

Distillates

121.6

108.9

109.4

+0.5

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