Oil tanks
US crude oil inventories increased in the week ended July 3, according to data released today Wednesday by the Energy Information Administration (EIA), reversing expectations for a decline of 1.4 million barrels. 
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
426.0
408.4
411.4
+3.0
Gasoline
229.5
214.0
212.1
(1.9)
Distillates
102.8
108.6
103.6
(5.0)
The data indicates a halt in crude stockpile drawdowns following a decline in prices after Washington and Tehran reached a memorandum of understanding last month, while the drop in gasoline and distillate inventories reflects continued strong fuel demand.
Oil tanks
US crude oil inventories increased in the week ended July 3, according to data released today Wednesday by the Energy Information Administration (EIA), reversing expectations for a decline of 1.4 million barrels.
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
426.0
408.4
411.4
+3.0
Gasoline
229.5
214.0
212.1
(1.9)
Distillates
102.8
108.6
103.6
(5.0)
The data indicates a halt in crude stockpile drawdowns following a decline in prices after Washington and Tehran reached a memorandum of understanding last month, while the drop in gasoline and distillate inventories reflects continued strong fuel demand.
