Oil tamks
US Crude oil inventories declined in the week ended May 29, beating expectations of a decrease by 3.3 million barrels, according to a report released by the Energy Information Administration (EIA). 
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
436.1
441.7
433.7
(8.0)
Gasoline
228.3
211.6
215.0
+3.4
Distillates
107.6
100.8
102.3
+1.5
What does this mean?The data show that crude oil inventories declined for the sixth consecutive week, reflecting continued strong consumption as the peak summer demand season approaches, amid weak supplies from the Middle East due to the Strait of Hormuz closure.
Oil tamks
US Crude oil inventories declined in the week ended May 29, beating expectations of a decrease by 3.3 million barrels, according to a report released by the Energy Information Administration (EIA).
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
436.1
441.7
433.7
(8.0)
Gasoline
228.3
211.6
215.0
+3.4
Distillates
107.6
100.8
102.3
+1.5
What does this mean?The data show that crude oil inventories declined for the sixth consecutive week, reflecting continued strong consumption as the peak summer demand season approaches, amid weak supplies from the Middle East due to the Strait of Hormuz closure.
