US oil inventories decline more than expected

18/09/2024 Argaam
Oil tanks

Oil tanks

Crude oil inventories in the US fell more than expected in the week ended Sept. 13, according to a report released by the Energy Information Administration (EIA).

 

Crude oil inventories fell by 1.6 million barrels last week, compared to expectations for a drop of about 200,000 barrels.

 

Meanwhile, gasoline stocks increased by 100,000 barrels, and distillate fuel inventories were up by nearly 100,000 barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Type

Last Year

Last Week

Current

Weekly Change

Crude oil

418.5

419.1

417.5

(1.6)

Gasoline

219.5

221.6

221.6

+0.1

Distillates

119.7

125.0

125.1

+0.1

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