US Crude Inventories Fall 1.693 Million Barrels as Gasoline Stocks Drop 1.533 Million
Updated
Updated · TradingView · Jul 14
US Crude Inventories Fall 1.693 Million Barrels as Gasoline Stocks Drop 1.533 Million
1 articles · Updated · TradingView · Jul 14
Summary
US crude stockpiles fell by 1.693 million barrels in the week to July 10, reversing the prior week's 2.998 million-barrel build that had broken an 11-week run of draws.
The draw still undershot expectations for a 2.6 million-barrel decline, even as net US crude imports fell by 0.399 million barrels per day for their first drop in four weeks.
Gasoline inventories dropped by 1.533 million barrels, beating forecasts for a 0.8 million-barrel draw, while refinery crude runs edged up by 0.099 million barrels per day.
Distillate stockpiles rose by 4.556 million barrels against expectations for just a 0.1 million-barrel increase, and Cushing crude inventories increased by 0.43 million barrels.