Oil tanks
US crude oil inventories declined at a more-than-expected pace in the week ended Sept. 19, signaling a more flexible energy demand the US.
According to a report released by the Energy Information Administration (EIA), crude oil inventories shrank 600,000 barrels last week, reaching 414.8 million in total.
This exceeded forecasts for a 300,000-barrel drop in stocks.
Likewise, gasoline stocks plummeted by 1.1 million barrels, with distillate stocks, while includes diesel and heating oil, also down by 1.7 million barrels.
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
413
415.4
414.8
(0.6)
Gasoline
220.1
217.6
216.6
(1.1)
Distillates
122.9
124.7
123
(1.7)
Oil tanks
US crude oil inventories declined at a more-than-expected pace in the week ended Sept. 19, signaling a more flexible energy demand the US.
According to a report released by the Energy Information Administration (EIA), crude oil inventories shrank 600,000 barrels last week, reaching 414.8 million in total.
This exceeded forecasts for a 300,000-barrel drop in stocks.
Likewise, gasoline stocks plummeted by 1.1 million barrels, with distillate stocks, while includes diesel and heating oil, also down by 1.7 million barrels.
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
413
415.4
414.8
(0.6)
Gasoline
220.1
217.6
216.6
(1.1)
Distillates
122.9
124.7
123
(1.7)

