US oil inventories decline more than expected

24/07/2024 Argaam
Oil tanks

Oil tanks

Crude oil inventories in the US fell more than expected in the week ended July 19, according to a report released by the Energy Information Administration (EIA) today, July 24.
 
Crude oil inventories fell by 3.7 million barrels last week, compared to expectations for a drop of 2.6 million barrels.
 
Meanwhile, gasoline stocks decreased by 5.6 million barrels as demand picked up, and distillate fuel inventories were down by 2.8 million barrels.

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