‎US oil inventories down 6.9M barrels last week

‎US oil inventories down 6.9M barrels last week ‎US oil inventories down 6.9M barrels last week

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Oil tanks

US crude oil inventories decreased in the week ended Oct. 24, signaling increased US fuel consumption.

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Commercial crude inventories fell by 6.9 million barrels, missing expectations for a decline by 900,000 barrels, according to data released by the Energy Information Administration (EIA) on Wednesday.

Meanwhile, gasoline inventories shed 5.9 barrels, with distillate stocks—including diesel and heating oil—decreasing by 3.4 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

425.5

422.8

416.0

(6.9)

Gasoline

210.9

216.7

210.7

(5.9)

Distillates

112.9

115.6

112.2

(3.4)

 

Oil tanks

US crude oil inventories decreased in the week ended Oct. 24, signaling increased US fuel consumption.

Commercial crude inventories fell by 6.9 million barrels, missing expectations for a decline by 900,000 barrels, according to data released by the Energy Information Administration (EIA) on Wednesday.

Meanwhile, gasoline inventories shed 5.9 barrels, with distillate stocks—including diesel and heating oil—decreasing by 3.4 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

425.5

422.8

416.0

(6.9)

Gasoline

210.9

216.7

210.7

(5.9)

Distillates

112.9

115.6

112.2

(3.4)

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