US oil inventories rise 5.9 mln barrels last week

09/08/2023 Argaam
Oil tanks

Oil tanks

US crude oil inventories rose more than expectations in the week ended Aug. 4, after seeing a record decline a week earlier.

 

Crude oil gained 5.9 million barrels last week, to reach 445.6 million barrels, data from the US Energy Information Administration (EIA) showed.

 

US gasoline inventories fell by 2.7 million barrels to 216.4 million barrels during the same week, while distillate stocks decreased by 1.7 million barrels to 115.4 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Type

Last Year

Last Week

Current

Weekly Change

Crude oil

432

439.8

445.6

+5.9

Gasoline

220.3

219.1

216.4

(2.7)

Distillates

111.5

117.2

115.4

(1.7)

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