US oil inventories fell more than analysts expected last week, while gasoline stocks rose.
According to the weekly report issued by Energy information management Today, Wednesday (August 2, 2023), US crude inventories fell by 17 million barrels, during the week ending July 28, 2023, bringing the total to 439.8 million barrels.
Standard & Poor’s Global forecasts indicated a decline in US oil stocks by about 3.7 million barrels, according to what was monitored by the Energy Research Unit.
US gasoline stocks
Gasoline inventories in the US rose by 1.5 million barrels over the past week, to reach the level of 219.1 million barrels.
While distillate stocks – which include diesel, heating fuel and others – decreased by about 0.8 million barrels, to record a total of 117.2 million barrels.
Analysts had expected a decrease in gasoline and distillate inventories by 1 and 0.4 million barrels, respectively.
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2023-08-02 14:46:12
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