US crude oil stockpiles fall by 6.2 million barrels on record exports

11 articles · Updated · MarketWatch · Apr 29

Commercial crude stocks dropped to 459.5 million barrels last week, while exports hit a record 6.4 million barrels a day and imports declined.
Gasoline inventories fell by 6.1 million barrels, distillate stocks dropped 4.5 million barrels, and refinery utilization rose to 89.6%. The Strategic Petroleum Reserve also decreased by 7.1 million barrels.
The surge in US exports comes as global buyers seek alternatives amid Middle East supply disruptions from the Iran war, pushing total US oil and fuel shipments to record highs.

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