US oil inventories grow against projections

14/08/2024 Argaam
Oil tanks

Oil tanks


US crude oil inventories gained 1.4 million barrels in the week ended Aug. 9, in contrast to forecasts for a 1.9-million-barrel pullback, the Energy Information Administration (EIA) data showed.

 

Gasoline stocks, on the other hand, retreated by 2.9 million barrels, with distillate stocks, including diesel and heating oil, also down by about 1.7 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Type

Last Year

Last Week

Current

Weekly Change

Crude oil

439.7

429.3

430.7

+ 1.4

Gasoline

216.2

225.1

222.2

(2.9)

Distillates

115.7

127.8

126.1

(1.7)

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