AI Summary
Oil tanks
Crude oil inventories in the US fell higher than expected in the week ended Jan. 17, according to a report released by the Energy Information Administration (EIA) on Jan. 23.
The EIA said crude oil inventories dipped by one million barrels last week against expectations for a decline of 100,000 barrels.
Similarly, distillate fuel inventories, which include heating oil and diesel, also decreased by 3.1 million barrels.
Meanwhile, gasoline inventories increased by 2.3 million barrels.
|
US Crude Stocks (mln barrels) |
||||
|
Item |
Last Year |
Last Week |
Current |
Weekly Change |
|
Crude Oil |
420.7 |
412.7 |
411.7 |
(1) |
|
Gasoline |
253.0 |
243.6 |
245.9 |
+2.3 |
|
Distillates |
133.3 |
132.0 |
128.9 |
(3.1) |
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