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U.S. Crude Oil Inventories Decline Sharply

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Insights by Echo AI

U.S. crude oil inventories decreased significantly last week, according to multiple reports. The American Petroleum Institute (API) estimated a drop of 11.12 million barrels, while the U.S. Energy Information Administration (EIA) reported a decline of 8.6 million barrels. This decrease, which comes after a smaller draw the previous week, brings commercial stocks down over 51 million barrels in 26 weeks. Gasoline stocks rose by 3.5 million barrels, while distillate fuel oil and heating oil inventories fell by 2.5 million barrels. Net imports of crude oil to the United States also decreased.

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8 Sources

  1. OilPrice.com avatar

    OilPrice.com

    X / Twitter / @OilandEnergy

    API estimates US crude inventories fell 11.12M barrels in the week end...

  2. Giovanni Staunovo avatar

    Giovanni Staunovo

    X / Twitter / @staunovo

    US petroleum inventories (crude, SPR, refined products) fell by 13.384...

  3. di.se avatar

    di.se

    RSS / @di.se/rss

    Råoljelagren i USA sjönk mer än väntat De amerikanska lagren av sjönk...

  4. Al-Sharq avatar

    Al-Sharq

    RSS / @al-sharq.com/category/اقتصاد/feed

    انخفاض مخزونات النفط بالولايات المتحدة مع ارتفاع البنزين الأسبوع الماض...

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