‎US oil inventories rise 7.1M barrels last week

‎US oil inventories rise 7.1M barrels last week ‎US oil inventories rise 7.1M barrels last week

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Oil tanks

Crude oil inventories in the US increased more than expected in the week ended July 4, marking the second consecutive weekly rise, according to a report released by the Energy Information Administration (EIA).

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Crude oil inventories increased by about 7.1 million barrels last week, compared to expectations for a fall of about 1.5 million barrels.

Meanwhile, gasoline inventories declined by 2.7 million barrels, and distillate stocks—including diesel and heating oil—fell by800,000barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

445.1

419.0

426.0

+7.1

Gasoline

229.7

232.1

229.5

(2.7)

Distillates

124.6

103.6

102.8

(0.8)

 

Oil tanks

Crude oil inventories in the US increased more than expected in the week ended July 4, marking the second consecutive weekly rise, according to a report released by the Energy Information Administration (EIA).

Crude oil inventories increased by about 7.1 million barrels last week, compared to expectations for a fall of about 1.5 million barrels.

Meanwhile, gasoline inventories declined by 2.7 million barrels, and distillate stocks—including diesel and heating oil—fell by800,000barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

445.1

419.0

426.0

+7.1

Gasoline

229.7

232.1

229.5

(2.7)

Distillates

124.6

103.6

102.8

(0.8)

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