Oil tanks
US crude oil inventories decreased more than forecasts last week. Gasoline 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 14 decreased by 700,000 barrels from the previous week, compared to estimates of a decrease by 2.440 million barrels.
Gasoline stockpiles fell by 1.1 million barrels last week, while distillate stocks remained unchanged.
US Crude & Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
426.6
458.1
457.4
(0.7)
Gasoline
228.4
219.5
218.4
(1.1)
Distillates
112.5
118.2
118.2
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