US commercial crude oil inventories declined during the week ended Feb. 13, according to data released Thursday by the US Energy Information Administration (EIA), contrary to expectations for a 1.1-million-barrel increase.
US Crude and Petroleum Inventories (mln Barrels)
Item
Year Ago
Previous Week
Current Week
Weekly Change
Crude Oil
432.5
428.8
419.8
(9)
Gasoline
247.9
259.1
255.8
(3.2)
Distillates
116.6
124.7
120.1
(4.6)
The data indicate a significant drawdown in crude and refined product inventories, suggesting stronger domestic fuel consumption in the world’s largest economy.
US commercial crude oil inventories declined during the week ended Feb. 13, according to data released Thursday by the US Energy Information Administration (EIA), contrary to expectations for a 1.1-million-barrel increase.
US Crude and Petroleum Inventories (mln Barrels)
Item
Year Ago
Previous Week
Current Week
Weekly Change
Crude Oil
432.5
428.8
419.8
(9)
Gasoline
247.9
259.1
255.8
(3.2)
Distillates
116.6
124.7
120.1
(4.6)
The data indicate a significant drawdown in crude and refined product inventories, suggesting stronger domestic fuel consumption in the world’s largest economy.
