Oil tanks
US crude oil inventories fell during the week ending July 10, according to data released Wednesday by the US Energy Information Administration, by more than expected, which indicated a decrease of 900,000 barrels. 
US Crude Oil Refined Product Inventories (mln barrels)
Item
Last Year
Last Week
Current
WoW Change
Crude Oil
422.2
411.4
409.7
(1.7)
Gasoline
210.5
212.1
232.9
(1.5)
Distillates
107.0
103.6
108.2
4.6+
Interpretation?The data indicates that commercial oil inventories are being drawn down again after rising by 3 million barrels the week earlier, due to increased consumption during the summer, in addition to offsetting the global shortfall in crude supplies caused by the repercussions of the war in the Middle East.
Oil tanks
US crude oil inventories fell during the week ending July 10, according to data released Wednesday by the US Energy Information Administration, by more than expected, which indicated a decrease of 900,000 barrels.
US Crude Oil Refined Product Inventories (mln barrels)
Item
Last Year
Last Week
Current
WoW Change
Crude Oil
422.2
411.4
409.7
(1.7)
Gasoline
210.5
212.1
232.9
(1.5)
Distillates
107.0
103.6
108.2
4.6+
Interpretation?The data indicates that commercial oil inventories are being drawn down again after rising by 3 million barrels the week earlier, due to increased consumption during the summer, in addition to offsetting the global shortfall in crude supplies caused by the repercussions of the war in the Middle East.
