Oil tanks
Crude oil inventories in the US fell lower than analyst estimates last week, while gasoline and distillate stocks rose.
Crude oil inventories in the US declined by 1.4 million barrels in the week ended May 3, compared to estimates for 1 million barrels, data from the US Energy Information Administration (EIA) showed.
Meanwhile, gasoline stocks were up by 900,000 barrels. Distillate stocks also increased by about 600,000 barrels.
US Crude & Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
462.6
460.9
459.5
(1.4)
Gasoline
219.7
227.1
228.0
+0.9
Distillates
106.2
115.9
116.4
+0.6
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