29 Days
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U.S. crude oil inventories decreased by 1.7 million barrels to reach 409.7 million barrels during the week ending July 10. Meanwhile, the Cushing, Oklahoma, storage capacity increased by 430,000 barrels. Additionally, refinery consumption and operations increased significantly, with oil consumption rates rising by 99,000 barrels per day to 96.2%. Moreover, U.S. gasoline inventories declined by 1.5 million barrels to 210.5 million, while distillate products increased by 4.6 million barrels to 108.2 million. Oil imports decreased by 399,000 barrels per day.
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