US oil inventories retreat for 6th straight week

02/01/2025 ِArgaam
Oil tanks

Oil tanks


US crude oil inventories retreated for the sixth straight week in the week ended Dec. 27, shedding as many as 1.2 million barrels, against forecasts for a fall of nearly 2.4 million barrels, the Energy Information Administration (EIA) data showed.

 

Gasoline stocks, on the other hand, climbed by 7.7 million barrels, with distillate stocks, including diesel and heating oil, also up by about 6.4 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil  

431.1

416.8

415.6

(1.2)

Gasoline  

237

223.7

231.4

+7.7

Distillates  

125.9

116.5

122.9

+6.4

 

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