AI Summary
Oil tanks
US crude oil inventories decreased in the week ended Oct. 17, amid lower gasoline and distillate stockpiles, signaling resilience in US fuel consumption.
Commercial crude inventories shed one million barrels to stand at 422.8 million barrels last week, missing expectations for a one-million-barrel rise, according to data released by the Energy Information Administration (EIA) on Wednesday.
Meanwhile, gasoline inventories declined by 2.1 million barrels, with distillate stocks—including diesel and heating oil—also decreasing by 1.5 million barrels.
|
US Crude & Derivatives Inventories (mln barrels) |
||||
|
Item |
Last Year |
Last Week |
Current |
Weekly Change |
|
Crude Oil |
426 |
423.8 |
422.8 |
(1) |
|
Gasoline |
213.6 |
218.8 |
216.7 |
(2.1) |
|
Distillates |
113.8 |
117 |
115.6 |
(1.5) |
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