Oil tanks
US oil inventories increased in the week ended July 31,according to data released by the Energy Information Administration (EIA) today, Aug. 5. 
The results, which came against expectations for a decline of 1.6 million barrels, imply a slowndown in local consumption. However, the drop in the distillates stocks could be due to increased fuel demand during the summer season.
US Crude Oil Petroleum Products Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
423.7
404.5
407
+2.5
Gasoline
227.1
211.3
209.7
(1.6)
Distillates
113
110.6
107.2
(3.5)
Oil tanks
US oil inventories increased in the week ended July 31,according to data released by the Energy Information Administration (EIA) today, Aug. 5.
The results, which came against expectations for a decline of 1.6 million barrels, imply a slowndown in local consumption. However, the drop in the distillates stocks could be due to increased fuel demand during the summer season.
US Crude Oil Petroleum Products Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
423.7
404.5
407
+2.5
Gasoline
227.1
211.3
209.7
(1.6)
Distillates
113
110.6
107.2
(3.5)
