US oil inventories fall 2.2 mln barrels last week

27/09/2023 Argam

US oil inventories fall 2.2 mln barrels last week

Oil tanks


US crude oil inventories declined in the week ended Sept. 22, while gasoline inventories and distillate stocks rose during the same period.

 

Crude oil fell 2.2 million barrels last week, compared to expectations of a decline by 320,000 barrels, data from the US Energy Information Administration (EIA) showed.

 

Meanwhile, US gasoline inventories increased by nearly 1 million barrels and distillate stocks added 0.4 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Type

Last Year

Last Week

Current

Weekly Change

Crude Oil

430.6

418.5

416.3

(2.2)

Gasoline

212.2

219.5

220.5

+1

Distillates

114.4

119.7

120.1

+0.4

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