‎US oil inventories lose 3.2M barrels last week

‎US oil inventories lose 3.2M barrels last week ‎US oil inventories lose 3.2M barrels last week

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Oil tankers

US crude oil inventories witnessed a higher-than-anticipated slump of about 3.2 million barrels in the July 18-ended week, surpassing analyst expectations for an 800,000-barrel decline.

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Likewise, gasoline inventories fell by 1.7 million barrels for the same week, according to a report released by the Energy Information Administration (EIA).

Meanwhile, distillate stocks — including diesel and heating oil — added 2.9 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Week

Weekly Change

Crude Oil

436.5

422.2

419.0

(3.2)

Gasoline

227.4

232.9

231.1

(1.7)

Distillates

125.3

107.0

109.9

+2.9

 

Oil tankers

US crude oil inventories witnessed a higher-than-anticipated slump of about 3.2 million barrels in the July 18-ended week, surpassing analyst expectations for an 800,000-barrel decline.

Likewise, gasoline inventories fell by 1.7 million barrels for the same week, according to a report released by the Energy Information Administration (EIA).

Meanwhile, distillate stocks — including diesel and heating oil — added 2.9 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Week

Weekly Change

Crude Oil

436.5

422.2

419.0

(3.2)

Gasoline

227.4

232.9

231.1

(1.7)

Distillates

125.3

107.0

109.9

+2.9

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