‎US crude oil inventories fall for second consecutive week

‎US crude oil inventories fall for second consecutive week ‎US crude oil inventories fall for second consecutive week

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Oil tanks

US crude oil inventories fell for the second week in a row, during the seven days ending August 22.

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Data released Wednesday by the Energy Information Administration (EIA) showed that commercial crude oil inventories fell by 2.4 million barrels last week, compared to expectations for a 1.9-million-barrel decrease.

Gasoline inventories dropped by 1.2 million barrels during the same period, and distillate inventories—which include diesel and heating oil—decreased by 1.8 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Week

Weekly Change

Crude Oil

425.2

420.7

418.3

(2.4)

Gasoline

218.4

223.6

222.3

(1.2)

Distillates

123.1

116.0

114.2

(1.8)

 

Oil tanks

US crude oil inventories fell for the second week in a row, during the seven days ending August 22.

Data released Wednesday by the Energy Information Administration (EIA) showed that commercial crude oil inventories fell by 2.4 million barrels last week, compared to expectations for a 1.9-million-barrel decrease.

Gasoline inventories dropped by 1.2 million barrels during the same period, and distillate inventories—which include diesel and heating oil—decreased by 1.8 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Week

Weekly Change

Crude Oil

425.2

420.7

418.3

(2.4)

Gasoline

218.4

223.6

222.3

(1.2)

Distillates

123.1

116.0

114.2

(1.8)

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