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SunSirs: EIA: US Crude Oil Inventories Fell Far more than Expected Last Week
May 16 2024 14:28:48SunSirs(Selena)

According to foreign reports on May 15, a report released by the US Energy Information Administration (EIA) on Wednesday showed that US crude oil, gasoline and distillate stocks fell last week.

According to the data, as of the week of May 10, U.S. crude oil inventories decreased by 2.5 million barrels to 4,570.2 million barrels, which analysts had expected to decrease by 543,000 barrels.

That week, crude oil inventories in Cushing, Oklahoma, fell 341,000 barrels.

The crude oil processing volume of the refinery increased by 307,000 barrels / day that week. Refinery capacity utilization increased by 1.9 percentage points.

According to the data, the gasoline inventory in the United States decreased by 235,000 barrels to 227.77 million barrels that week, and analysts expected an increase of 500,000 barrels.

Distillate oil inventories, including heating oil and diesel, decreased by 45,000 barrels to 116.37 million barrels, and analysts had expected an increase of 800,000 barrels.

According to EIA data, the net import of crude oil in the United States increased by 108,000 barrels / day that week.

 

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