Oil tanks
US crude oil inventories fell more than expected in the week ending July 24, according to data released Wednesday by the US Energy Information Administration (EIA). 
The decline was larger than the anticipated 600,000-barrel drop.
Interpretation? The data indicates continued drawdowns of US crude oil inventories, driven by rising demand and offsetting the global supply shortfall resulting from the Middle East conflict.
US Crude Oil Refined Product Inventories (mln barrels)
Item
Last Year
Last Week
Current Week
Weekly Change
Crude Oil
426.7
411.7
404.5
(7.2)
Gasoline
228.4
211.3
211.3
—
Distillates
113.5
109.6
110.6
+1.1
Oil tanks
US crude oil inventories fell more than expected in the week ending July 24, according to data released Wednesday by the US Energy Information Administration (EIA).
The decline was larger than the anticipated 600,000-barrel drop.
Interpretation? The data indicates continued drawdowns of US crude oil inventories, driven by rising demand and offsetting the global supply shortfall resulting from the Middle East conflict.
US Crude Oil Refined Product Inventories (mln barrels)
Item
Last Year
Last Week
Current Week
Weekly Change
Crude Oil
426.7
411.7
404.5
(7.2)
Gasoline
228.4
211.3
211.3
—
Distillates
113.5
109.6
110.6
+1.1
