US crude oil inventories declined more thananticipatedin the week ended May 23, signaling a reboundin US energy demand ahead of Memorial Day, according to data released by the Energy Information Administration (EIA) on Wednesday.
Commercial crude inventories fell by2.8million barrels last week, compared to expectations fora riseof600,000 barrels.
Gasoline inventoriesalsodecreased by 2.4 million barrels, while distillate stocks—including diesel and heating oil— were down by 700,000 barrels.
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
454.7
443.2
440.4
(2.8)
Gasoline
228.8
225.5
223.1
(2.4)
Distillates
119.3
104.1
103.4
(0.7)
US crude oil inventories declined more thananticipatedin the week ended May 23, signaling a reboundin US energy demand ahead of Memorial Day, according to data released by the Energy Information Administration (EIA) on Wednesday.
Commercial crude inventories fell by2.8million barrels last week, compared to expectations fora riseof600,000 barrels.
Gasoline inventoriesalsodecreased by 2.4 million barrels, while distillate stocks—including diesel and heating oil— were down by 700,000 barrels.
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
454.7
443.2
440.4
(2.8)
Gasoline
228.8
225.5
223.1
(2.4)
Distillates
119.3
104.1
103.4
(0.7)
