US crude and distillate inventories fall
The U.S. Energy Information Administration announced a decrease in crude oil inventories by 3.2 million barrels to 424.1 million barrels last week, compared to expectations of a 1.7 million barrel decline. Additionally, gasoline inventories increased by 0.4 million barrels to 204.7 million barrels, while distillate inventories remained unchanged at 105.1 million barrels. Meanwhile, refinery crude oil runs increased by 223,000 barrels per day, and utilization rates rose to 92.7%. U.S. net crude oil imports declined by 53,000 barrels per day, indicating ongoing fluctuations in the country’s oil stocks.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)