2023-07-19 16:33:39
The US Energy Information Administration said, on Wednesday, that “crude oil inventories fell by 708 thousand barrels last week to 457.4 million barrels,” compared to analysts’ expectations for a decline of 2.4 million barrels.
She added, “Oil stocks at the delivery center in Cushing, Oklahoma, fell by 2.9 million barrels last week.”
And it stated that the consumption of crude by US refineries decreased by 74 thousand barrels per day last week. Refinery operating rates rose 0.6 of one percentage point in the week.
On the other hand, the management said that gasoline stocks fell 1.1 million barrels to 218.4 million, compared to analysts’ expectations in a Archyde.com poll for a decline of 1.6 million barrels.
Energy Information Administration data showed that “distillate stocks, which include diesel and heating oil, increased by 14,000 barrels last week to 118.2 million barrels, compared to analysts’ expectations for an increase of 500,000 barrels.
The administration said: “The net imports of the United States of crude oil decreased last week by 376 thousand barrels per day.” (Archyde.com)
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