‎US oil inventories gain 7.7M barrels last week

‎US oil inventories gain 7.7M barrels last week ‎US oil inventories gain 7.7M barrels last week

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Oil tanks

Crude oil inventories in the US rose against forecasts in the week ended July 25, according to a report released by the Energy Information Administration (EIA).

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Crude oil inventories increased by about 7.7 million barrels last week, compared to expectations for a 1.6-million-barrel fall. Gasoline inventories declined by 2.7 million barrels during the same week.

Meanwhile, distillate stockpiles—which include diesel and heating oil—rose by 3.6 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

433.0

419.0

426.7

+7.7

Gasoline

223.8

231.1

228.4

(2.7)

Distillates

126.8

109.9

113.5

+3.6

 

Oil tanks

Crude oil inventories in the US rose against forecasts in the week ended July 25, according to a report released by the Energy Information Administration (EIA).

Crude oil inventories increased by about 7.7 million barrels last week, compared to expectations for a 1.6-million-barrel fall. Gasoline inventories declined by 2.7 million barrels during the same week.

Meanwhile, distillate stockpiles—which include diesel and heating oil—rose by 3.6 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

433.0

419.0

426.7

+7.7

Gasoline

223.8

231.1

228.4

(2.7)

Distillates

126.8

109.9

113.5

+3.6

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