Oil tanks
US commercial crude oil inventories declined during the week ended May 1, according to data released today, May 6, by the US Energy Information Administration (EIA), in line with expectations and marking the second consecutive weekly drop. 
US Crude and Petroleum Inventories (mln Barrels)
Item
Year Ago
Previous Week
Current Week
Weekly Change
Crude Oil
438.4
459.5
457.2
(2.3)
Gasoline
225.7
222.3
219.8
(2.5)
Distillates
106.7
103.6
102.3
(1.3)
The data indicate continued strength in fuel demand, particularly as the summer travel season approaches, despite higher prices driven by Middle East tensions.
Oil tanks
US commercial crude oil inventories declined during the week ended May 1, according to data released today, May 6, by the US Energy Information Administration (EIA), in line with expectations and marking the second consecutive weekly drop.
US Crude and Petroleum Inventories (mln Barrels)
Item
Year Ago
Previous Week
Current Week
Weekly Change
Crude Oil
438.4
459.5
457.2
(2.3)
Gasoline
225.7
222.3
219.8
(2.5)
Distillates
106.7
103.6
102.3
(1.3)
The data indicate continued strength in fuel demand, particularly as the summer travel season approaches, despite higher prices driven by Middle East tensions.
