Oil tanks
US crude oil inventories increased for the fourth consecutive week, albeit at a slower pace. Meanwhile, gasoline stockpile fell more than expected, tumbling for the eighth successive week.
Crude oil inventories rose by 200,000 barrels in the week ended on April 18, compared to the expectations for a rise by 600,000 barrels, according to data released by the Energy Information Administration (EIA) on Wednesday.
Meanwhile, gasoline inventories shed 4.5 million barrels for the same week, compared to an estimated decline of 1.6 million barrels. Distillate stocks—including diesel and heating oil—also decreased by 2.4 million barrels.
US Crude & Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
453.6
442.9
443.1
+0.2
Gasoline
226.7
234.0
229.5
(4.5)
Distillates
116.6
109.2
106.9
(2.4)
https://www.argaam.com/en/article/articledetail/id/1807296
