US crude oil inventories retreated for the sixth straight week in the week ended Dec. 27, shedding as many as 1.2 million barrels, against forecasts for a fall of nearly 2.4 million barrels, the Energy Information Administration (EIA) data showed.
Gasoline stocks, on the other hand, climbed by 7.7 million barrels, with distillate stocks, including diesel and heating oil, also up by about 6.4 million barrels.
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
431.1
416.8
415.6
(1.2)
Gasoline
237
223.7
231.4
+7.7
Distillates
125.9
116.5
122.9
+6.4
US crude oil inventories retreated for the sixth straight week in the week ended Dec. 27, shedding as many as 1.2 million barrels, against forecasts for a fall of nearly 2.4 million barrels, the Energy Information Administration (EIA) data showed.
Gasoline stocks, on the other hand, climbed by 7.7 million barrels, with distillate stocks, including diesel and heating oil, also up by about 6.4 million barrels.
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
431.1
416.8
415.6
(1.2)
Gasoline
237
223.7
231.4
+7.7
Distillates
125.9
116.5
122.9
+6.4
