US Crude Oil Inventories Decline Slightly, while Distilled Products and Gasoline Inventories Rise

(CercleFinance.com) – Data released by the US Energy Information Agency (EIA) shows that crude oil inventories reached 459.2 million barrels during the week of May 29 in the United States. States, signaling an anecdotal decline in inventories of 0.5 million barrels from the previous week.

For their part, inventories of distilled products – including heating oil – increased (+5.1 million barrels) while gasoline inventories also increased, by 2.7 million barrels, still compared to the previous week.

Finally, the EIA specifies that the refineries operated at 95.8% of their operational capacity during this same week, with an average production of 10.1 million barrels/day.