US crude inventories down 600,000 barrels

26/07/2023 Argaam
Oil tanks

Oil tanks

US crude stocks fell more than expected in the week ended July 21, the Energy Information Administration (EIA) said in a report.

 

Crude inventories declined last week by 600,000 barrels from the previous week, compared to estimates of a 2.35 million barrel drop.

 

Gasoline and distillate inventories also declined last week by 800,000 barrels and 200,000 barrels, respectively, the report added.

 

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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