US crude oil stocks fall for eighth straight week

15/01/2025 Argaam
Oil tanks

Oil tanks


US crude oil inventories decreased during the week ended Jan. 10, marking their eighth consecutive weekly decline.

 

Data released today, Jan. 15, by the US Energy Information Administration (EIA) showed that commercial crude oil inventories fell by two million barrels last week, surpassing forecasts of a 1.1 million barrel decline.

 

Meanwhile, gasoline inventories increased by 5.9 million barrels, while distillate stocks—including diesel and heating oil—rose by 3.1 million barrels. 

 

Crude Stocks in the US (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

429.9

414.6

412.7

(2)

Gasoline  

248.1

237.7

243.6

+5.9

Distillates  

134.8

128.9

132.0

+3.1

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