AI Summary
Oil tanks
US crude oil inventories declined at a more-than-expected pace in the week ended Sept. 19, signaling a more flexible energy demand the US.
According to a report released by the Energy Information Administration (EIA), crude oil inventories shrank 600,000 barrels last week, reaching 414.8 million in total.
This exceeded forecasts for a 300,000-barrel drop in stocks.
Likewise, gasoline stocks plummeted by 1.1 million barrels, with distillate stocks, while includes diesel and heating oil, also down by 1.7 million barrels.
|
US Crude & Derivatives Inventories (mln barrels) |
||||
|
Item |
Last Year |
Last Week |
Current |
Weekly Change |
|
Crude Oil |
413 |
415.4 |
414.8 |
(0.6) |
|
Gasoline |
220.1 |
217.6 |
216.6 |
(1.1) |
|
Distillates |
122.9 |
124.7 |
123 |
(1.7) |
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