US oil inventories jump by 1.2M barrels

05/06/2024 Argaam
Oil tanks

Oil tanks


US crude oil inventories gained 1.2 million barrels in the week ended May 31, against forecasts for a 2.1-million-barrel pullback, the Energy Information Administration (EIA) data indicated.

 

Gasoline stocks, on the other hand, added 2.1 million barrels, with distillate stocks, which include diesel and heating oil, also up by 3.2 million barrels.
 

US Crude & Derivatives Inventories (mln barrels)

Type

Last Year

Last Week

Current

Weekly Change

Crude oil

459.2

454.7

455.9

+1.2

Gasoline

218.8

228.8

230.9

+2.1

Distillates

111.7

119.3

122.5

+3.2

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