US oil inventories fall by above 5M barrels

04/12/2024 Argaam
Oil tanks

Oil tanks


Crude oil inventories in the US declined more than expected in the week ended Nov. 29, according to a report released by the Energy Information Administration (EIA).


Crude oil inventories decreased by about 5.1 million barrels last week, compared to expectations for a fall of about 1.6 million barrels.

Gasoline stocks increased by 2.4 million barrels, while distillate fuel inventories were up by nearly 3.4 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil  

445.0

428.4

423.4

(5.1)

Gasoline  

223.6

212.2

214.6

+2.4

Distillates  

112.0

114.7

118.1

+3.4

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