Oil tanks
US commercial crude oil inventories declined during the week ended Feb. 13, according to data released Thursday by the US Energy Information Administration (EIA), contrary to expectations for a 1.1-million-barrel increase.
|
US Crude and Petroleum Inventories (mln Barrels) |
||||
|
Item |
Year Ago |
Previous Week |
Current Week |
Weekly Change |
|
Crude Oil |
432.5 |
428.8 |
419.8 |
(9) |
|
Gasoline |
247.9 |
259.1 |
255.8 |
(3.2) |
|
Distillates |
116.6 |
124.7 |
120.1 |
(4.6) |
The data indicate a significant drawdown in crude and refined product inventories, suggesting stronger domestic fuel consumption in the world’s largest economy.
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