‎US oil inventories drop for first time this year: EIA

‎US oil inventories drop for first time this year: EIA

US oil inventories drop for first time this year: EIA

Oil tankers

US crude oil inventories saw a higher-than-expected drop in the week ended Jan. 12, data from the US Energy Information Administration (EIA) showed. Gasoline inventories and distillate stocks rose.

Crude oil stocks decreased by 2.5 million barrels during the week, versus expectations of a drop of 600,000 barrels.

Last week, the US gasoline stocks rose by 3.1 million barrels. Distillate stocks were up by about 2.4 million barrels.

US Crude & Derivatives Inventories (mln barrels)

Period

Last Year

Last Week

Current

Weekly Change

Crude Oil  

448.0

432.4

429.9

(2.5)

Gasoline  

230.3

245.0

248.1

+3.1

Distillates  

115.8

132.4

134.8

+2.4

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