US oil inventories shed over 4M barrels

25/09/2024 Argaam
Oil tanks

Oil tanks

US crude oil inventories fell more than anticipated in the week ended Sept. 20, according to a report released by the Energy Information Administration (EIA).


Crude oil inventories shed 4.5 million barrels last week, against forecasts for a 1.3-million-barrel drop.


Likewise, gasoline stocks plunged by 1.5 million barrels. Distillate stocks, including diesel and heating oil, also lost 2.2 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil  

416.3

417.5

413.0

(4.5)

Gasoline  

220.5

221.6

220.1

(1.5)

Distillates  

120.1

125.1

122.9

(2.2)

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