‎US crude oil stocks fall for 4th week in row

‎US crude oil stocks fall for 4th week in row ‎US crude oil stocks fall for 4th week in row

​‎

Oil tanks

Advertisement

US crude oil inventories fell during the week ended Dec. 13, marking their fourth consecutive weekly decline.

Data released today, Dec. 18, by the US Energy Information Administration (EIA) showed that commercial crude oil inventories fell by 900,000 barrels last week, compared to expectations of a 1.5-million-barrel drop.

Meanwhile, gasoline inventories increased by 2.3 million barrels, while distillate stocks—including diesel and heating oil—declined by approximately 3.2 million barrels.

Crude and Petroleum Product Inventories in the US (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

443.7

422.0

421.0

(0.9)

Gasoline

226.7

219.7

222.0

+2.3

Distillates

115.0

121.3

118.2

(3.2)

 

Oil tanks

US crude oil inventories fell during the week ended Dec. 13, marking their fourth consecutive weekly decline.

Data released today, Dec. 18, by the US Energy Information Administration (EIA) showed that commercial crude oil inventories fell by 900,000 barrels last week, compared to expectations of a 1.5-million-barrel drop.

Meanwhile, gasoline inventories increased by 2.3 million barrels, while distillate stocks—including diesel and heating oil—declined by approximately 3.2 million barrels.

Crude and Petroleum Product Inventories in the US (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

443.7

422.0

421.0

(0.9)

Gasoline

226.7

219.7

222.0

+2.3

Distillates

115.0

121.3

118.2

(3.2)

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement