US oil inventories shed over 4M barrels

25/09/2024 Argaam
Oil tanks

Oil tanks


US crude oil inventories fell more than anticipated in the week ended Sept. 20, according to a report released by the Energy Information Administration (EIA).


Crude oil inventories shed 4.5 million barrels last week, against forecasts for a 1.3-million-barrel drop.


Likewise, gasoline stocks plunged by 1.5 million barrels. Distillate stocks, including diesel and heating oil, also lost 2.2 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil  

416.3

417.5

413.0

(4.5)

Gasoline  

220.5

221.6

220.1

(1.5)

Distillates  

120.1

125.1

122.9

(2.2)

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.