US oil inventories down 7.1M barrels last week

29/12/2023 Argaam
Oil tanks

Oil tanks


US crude oil inventories unexpectedly fell 7.1 million barrels in the week ended Dec. 22, compared to the estimated decline of 2.7 million barrels, data from the US Energy Information Administration (EIA) showed.

 

Gasoline inventories also fell by 600,000 barrels, while distillate stocks rose by 800,000 barrels during the same period.

 

US Crude & Derivatives Inventories (mln barrels)

Period

Last Year

Last Week

Current

Weekly Change

Crude Oil

419.0

443.7

436.6

(7.1)

Gasoline

223.0

226.7

226.1

(0.6)

Distillates

120.2

115.0

115.8

+0.8

 

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