US oil inventories fall 9.2M barrels last week

24/01/2024 Argaam

US oil inventories fall 9.2M barrels last week

Oil tankers


US crude oil inventories declined more than expected in the week ended Jan. 19, data from the US Energy Information Administration (EIA) showed. Gasoline inventories rose, while distillate stocks were down during the same period.

 

Crude oil stocks decreased by 9.2 million barrels by the end of the week, versus expectations of a decline of 1.2 million barrels.

 

Last week, the US gasoline stocks added 4.9 million barrels, while distillate stocks were down by about 1.4 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Period

Last Year

Last Week

Current

Weekly Change

Crude Oil  

448.5

429.9

420.7

(9.2)

Gasoline  

232.0

248.1

253.0

+4.9

Distillates  

115.3

134.8

133.3

(1.4)

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