‎US oil inventories decline 6M barrels last week

‎US oil inventories decline 6M barrels last week ‎US oil inventories decline 6M barrels last week

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Oil tanks

US crude oil inventories fell more than expected during the week ending August 15.

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Commercial crude oil inventories fell by 6 million barrels last week, compared to expectations for a 1.5 million-barrel decrease, data issued by the Energy Information Administration showed.

Gasoline inventories decreased by 2.7 million barrels during the same period, while distillate inventories—which include diesel and heating oil—increased by 2.3 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Week

Weekly Change

Crude Oil

426.0

426.7

420.7

(6.0)

Gasoline

220.6

226.3

223.6

(2.7)

Distillates

122.8

113.7

116.0

+2.3

 

Oil tanks

US crude oil inventories fell more than expected during the week ending August 15.

Commercial crude oil inventories fell by 6 million barrels last week, compared to expectations for a 1.5 million-barrel decrease, data issued by the Energy Information Administration showed.

Gasoline inventories decreased by 2.7 million barrels during the same period, while distillate inventories—which include diesel and heating oil—increased by 2.3 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Week

Weekly Change

Crude Oil

426.0

426.7

420.7

(6.0)

Gasoline

220.6

226.3

223.6

(2.7)

Distillates

122.8

113.7

116.0

+2.3

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