US Crude Inventories Slide
17 Articles
17 Articles
Oil stocks in the United States fell by 3,186 million barrels in the week closed last Friday (2), reported on this Wednesday (7), the Department of Energy (DoE) of the country. The result came against the projection of 1.7 million barrels high, by economists consulted by the Wall Street Journal. With the fall, oil stocks totaled 424,134 million barrels. According to DoE, gasoline stocks rose by 382,000 barrels — to 204,744 million barrels — agai…
Within a week, US oil reserves declined by 3.2 million barrels, accounting for 424.1 million barrels, reported by the US Department of Energy. US oil reserves dropped by 3.2 million barrels in a week and totalled 424.1 million barrels on 2 October, transferring TASS with reference to the US Department of Energy. The agency specified that the current reserves were 1 per cent higher than the five-year average for this time of the year. Against the…
US Crude Inventories Slide
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 2.09 million barrels in the week ending Oct 2. In the week prior, US crude oil inventories grew by 1.019 million barrels. Commercial crude oil inventories excluding the SPR have lost more than 38 million barrels over the last 25 weeks, but US crude inventories are up nearly 13 million for the year, according to API data, kept in check in part…
US commercial crude oil inventories fell instead of increasing as expected. According to EIA data, inventories decreased by 3.2 million barrels last week to 424.1 million barrels. Market expectations were for a 1.9 million barrel increase. Strategic reserves also declined during the same period, while gasoline inventories rose.
The U.S. Energy Information Administration announced that commercial crude oil inventories fell by approximately 3.2 million barrels last week to 424.1 million barrels. Market expectations were for an increase of about 1.9 million barrels.
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