‎US crude inventories fall 2M barrels last week

‎US crude inventories fall 2M barrels last week ‎US crude inventories fall 2M barrels last week

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Oil tanks

US crude oil inventories declined more than forecast in the week ended May 2, according to data released by the Energy Information Administration (EIA) on Wednesday.

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Commercial crude inventories fell by 2 million barrels last week, compared to expectations for a decline by 1.3 million barrels.

Gasoline inventories increased by 200,000 barrels, while distillate stocks—including diesel and heating oil—decreased by 1.1 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

459.5

440.4

438.4

(2.0)

Gasoline

228.0

225.5

225.7

+0.2

Distillates

116.4

107.8

106.7

(1.1)

 

Oil tanks

US crude oil inventories declined more than forecast in the week ended May 2, according to data released by the Energy Information Administration (EIA) on Wednesday.

Commercial crude inventories fell by 2 million barrels last week, compared to expectations for a decline by 1.3 million barrels.

Gasoline inventories increased by 200,000 barrels, while distillate stocks—including diesel and heating oil—decreased by 1.1 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

459.5

440.4

438.4

(2.0)

Gasoline

228.0

225.5

225.7

+0.2

Distillates

116.4

107.8

106.7

(1.1)

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