‎US crude oil inventories shrink 3M barrels

‎US crude oil inventories shrink 3M barrels ‎US crude oil inventories shrink 3M barrels

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Oil tanks

US crude oil inventories unexpectedly declined during the week ended Aug. 1.

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Data released today, Aug. 6, by the Energy Information Administration (EIA) showed that commercial crude oil inventories fell by three million barrels last week, compared to expectations of a 100,000-barrel increase.

Gasoline inventories also dropped by 1.3 million barrels during the same period. Similarly, distillate stocks—including diesel and heating oil—decreased by 600,000 barrels.

US Crude Derivatives Supply (mln barrels)

Category

Last Year

Last Week

Current Week

Weekly Change

Crude Oil

429.3

426.7

423.7

(3)

Gasoline

225.1

228.4

227.1

(1.3)

Distillates

127.8

113.5

113.0

(0.6)

 

Oil tanks

US crude oil inventories unexpectedly declined during the week ended Aug. 1.

Data released today, Aug. 6, by the Energy Information Administration (EIA) showed that commercial crude oil inventories fell by three million barrels last week, compared to expectations of a 100,000-barrel increase.

Gasoline inventories also dropped by 1.3 million barrels during the same period. Similarly, distillate stocks—including diesel and heating oil—decreased by 600,000 barrels.

US Crude Derivatives Supply (mln barrels)

Category

Last Year

Last Week

Current Week

Weekly Change

Crude Oil

429.3

426.7

423.7

(3)

Gasoline

225.1

228.4

227.1

(1.3)

Distillates

127.8

113.5

113.0

(0.6)

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