US crude oil stocks fall for fifth straight week

27/12/2024 Argaam
Oil tanks

Oil tanks

US crude oil inventories decreased during the week ended Dec. 27, marking their fifth consecutive weekly decline.

 

Data released today, Dec. 27, by the US Energy Information Administration (EIA) showed that commercial crude oil inventories fell by 4.2 million barrels last week, compared to expectations of a 1.1-million-barrel drop.

 

Meanwhile, gasoline inventories increased by 1.6 million barrels, while distillate stocks—including diesel and heating oil—declined by about 1.7 million barrels.

 

The data was issued today on Christmas holidays.

 

Crude Stocks in the US (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

436.6

421.0

416.8

(4.2)

Gasoline  

226.1

222.0

223.7

+1.6

Distillates  

115.8

118.2

116.5

(1.7)

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.