US oil inventories witness sudden drop of 1.7 mln barrels

19/10/2022 Argaam

US crude oil inventories retreated against forecasts for the week ended Oct. 14, with gasoline inventories also down during the same period.

 

Crude oil stocks fell by 1.7 million barrels by the end of the week, versus expectations of a 2.5-million-barrel rise, data from the US Energy Information Administration (EIA) showed.

 

Likewise, gasoline inventories shed 100,000 barrels, while distillate stocks saw a 100,000-barrel increase.
 

US Crude & Derivatives Inventories (mln barrels)

Type

Last Year

Last Week

Current

Weekly Change

Crude oil

426.5

439.1

437.4

(1.7)

Gasoline

217.7

209.5

209.4

(0.1)

Distillates

125.4

106.1

106.2

0.1+

 

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