‎US crude oil inventories down 600,000 barrels

‎US crude oil inventories down 600,000 barrels

US crude oil inventories down 600,000 barrels

Oil tanks

US crude oil inventories decreased more than forecasts last week. Gasoline and distillate inventories also declined during the same period, data from the US Energy Information Administration (EIA) showed.

US crude oil inventories for the week ended July 21 decreased by 600,000 barrels from the previous week, compared to estimates of a decrease by 2.35 million barrels.

Gasoline stockpiles fell by 800,000 barrels last week, while distillate stocks declined by 200,000.

US Crude & Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil  

422.1

457.4

456.8

(0.6)

Gasoline  

225.1

218.4

217.6

(0.8)

Distillates  

111.7

118.2

117.9

(0.2)

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