‎US gasoline inventories lose 4.5 mln barrels

‎US gasoline inventories lose 4.5 mln barrels ‎US gasoline inventories lose 4.5 mln barrels

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Oil tanks

US crude oil inventories increased for the fourth consecutive week, albeit at a slower pace. Meanwhile, gasoline stockpile fell more than expected, tumbling for the eighth successive week.

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Crude oil inventories rose by 200,000 barrels in the week ended on April 18, compared to the expectations for a rise by 600,000 barrels, according to data released by the Energy Information Administration (EIA) on Wednesday.

Meanwhile, gasoline inventories shed 4.5 million barrels for the same week, compared to an estimated decline of 1.6 million barrels. Distillate stocks—including diesel and heating oil—also decreased by 2.4 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

453.6

442.9

443.1

+0.2

Gasoline

226.7

234.0

229.5

(4.5)

Distillates

116.6

109.2

106.9

(2.4)

 

Oil tanks

US crude oil inventories increased for the fourth consecutive week, albeit at a slower pace. Meanwhile, gasoline stockpile fell more than expected, tumbling for the eighth successive week.

Crude oil inventories rose by 200,000 barrels in the week ended on April 18, compared to the expectations for a rise by 600,000 barrels, according to data released by the Energy Information Administration (EIA) on Wednesday.

Meanwhile, gasoline inventories shed 4.5 million barrels for the same week, compared to an estimated decline of 1.6 million barrels. Distillate stocks—including diesel and heating oil—also decreased by 2.4 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

453.6

442.9

443.1

+0.2

Gasoline

226.7

234.0

229.5

(4.5)

Distillates

116.6

109.2

106.9

(2.4)

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