The US Energy Information Administration says that stocks of crude oil, gasoline and distillates, which include diesel and heating oil, fell last week.
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Oil stocks in the United States
The US Energy Information Administration said today, Wednesday, that crude oil, gasoline and distillate inventories fell last week.
Crude oil inventories fell by 1.5 million barrels in the week ending April 21 to 460.9 million barrels, far exceeding analysts’ expectations.
The administration said that oil inventories at the delivery center in Cushing, Oklahoma, rose by 319,000 barrels last week.
And it stated that the consumption of crude by US refineries decreased by 11 thousand barrels per day last week, and operating rates increased by 0.3 percentage points per week.
The administration indicated that gasoline stocks fell by 2.4 million barrels to 221.1 million barrels, compared to analysts’ expectations for a decrease of 900 thousand barrels.
Data from the Energy Information Administration showed that inventories of distillates, which include diesel and heating oil, fell by about 600,000 barrels last week to 111.5 million, while it was expected to drop by 800,000 barrels.
The administration said that net US imports of crude oil fell last week by 166,000 barrels per day.
2023-04-26 17:38:14
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