‎US oil inventories drop 6.2M barrels

‎US oil inventories drop 6.2M barrels ‎US oil inventories drop 6.2M barrels

​‎

Oil tanks

US crude oil inventories declined in the week ended April 24, according to data released Wednesday by the Energy Information Administration (EIA), falling more than expected, compared with forecasts pointing to a decrease of 100,000 barrels.

Advertisement

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

440.4

465.7

459.5

(6.2)

Gasoline

225.5

228.4

222.3

(6.1)

Distillates

107.8

108.1

103.6

(4.5)

The data reflects rising fuel demand in the United States ahead of the summer travel season, despite higher oil prices driven by geopolitical tensions in the Middle East.

 

Oil tanks

US crude oil inventories declined in the week ended April 24, according to data released Wednesday by the Energy Information Administration (EIA), falling more than expected, compared with forecasts pointing to a decrease of 100,000 barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

440.4

465.7

459.5

(6.2)

Gasoline

225.5

228.4

222.3

(6.1)

Distillates

107.8

108.1

103.6

(4.5)

The data reflects rising fuel demand in the United States ahead of the summer travel season, despite higher oil prices driven by geopolitical tensions in the Middle East.

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Your email address will not be published.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