US crude inventories fall 4.2M barrels last week

30/05/2024 ِArgaam
Oil tanks

Oil tanks

Crude oil inventories in the US fell lower than analyst estimates last week, while gasoline and distillate stocks rose. 
 

Crude oil inventories in the US declined by 4.2 million barrels in the week ended May 24, compared to estimates for 1.6 million barrels, data from the US Energy Information Administration (EIA) showed.

 

Meanwhile, gasoline stocks were up by 2 million barrels. Distillate stocks also increased by about 2.5 million barrels.
 

US Crude & Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

459.7

458.8

454.7

(4.2)

Gasoline

216.1

226.8

228.8

2.0+

Distillates

106.7

116.7

119.3

2.5+

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