‎US crude stocks drop after 3 weeks

‎US crude stocks drop after 3 weeks ‎US crude stocks drop after 3 weeks

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Oil tanks

US crude oil inventories fell for the first time in three weeks in the week ending Jan. 23, while gasoline stocks inched higher.

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US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

415.1

426.0

423.8

(2.3)

Gasoline

248.9

257.0

257.2

+0.2

Distillates

124.0

132.6

132.9

+0.3

The data point to rising demand for oil and its products in the world’s largest economy, amid a winter storm in the US that has fueled concerns over tightening domestic supplies.

 

Oil tanks

US crude oil inventories fell for the first time in three weeks in the week ending Jan. 23, while gasoline stocks inched higher.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

415.1

426.0

423.8

(2.3)

Gasoline

248.9

257.0

257.2

+0.2

Distillates

124.0

132.6

132.9

+0.3

The data point to rising demand for oil and its products in the world’s largest economy, amid a winter storm in the US that has fueled concerns over tightening domestic supplies.

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