US oil stocks fall for first time in 7 weeks

06/12/2023 Argaam
Oil tanks

Oil tanks

The US crude-oil inventories saw a higher-than-expected drop, while diesel and distillates stocks increased.  

 

Oil stocks decreased by 4.6 million barrels in the week ended Dec. 1, compared to forecasts of 1.3 million barrels, according to the Energy Information.

 

Diesel inventories rose by 5.4 million barrels. Distillate fuel stocks added nearly 1.3 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Period

Last Year

Last Week

Current

Weekly Change

Crude Oil  

413.9

449.7

445.0

(4.6)

Diesel  

219.1

218.2

223.6

+5.4

Distillates  

118.8

110.8

112.0

+1.3
 
 

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