US Crude, Gasoline Inventories Continue to Sink
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7 Articles
The American commodity stocks dropped 3,327 million barrels, in the week closed last Friday (22), reported the US Department of Energy (DoE)
US Crude, Gasoline Inventories Continue to Sink
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 2.8 million barrels in the week ending May 22. In the week prior, US crude oil inventories fell by 9.1 million barrels. US crude inventories have risen by 22 million barrels so far this year, according to API data. Inventories in the US Strategic Petroleum Reserve (SPR) continue to draw down in an attempt to alleviate the pressure on prices. …
US crude, fuel inventories fell last week, EIA says
American oil reserves saw a significant drop last week. Crude oil inventories decreased by 3.3 million barrels. Gasoline stocks also fell by 2.6 million barrels. Distillate stockpiles, including diesel, declined by 2.1 million barrels. These reductions occurred as demand for these products surged. Oil futures initially reacted to news but later recovered.
An API inventory cut coexists with a distillate jump and again tightens the balance just before the summer.
API Shows US Crude Stocks Fell for Sixth Straight Week, Fuel Inventories Also Drop, Sources Say - Energy News, Top Headlines, Commentaries, Features & Events
New York, May 27 (Reuters) – U.S. crude oil inventories fell for a sixth straight week last week, according to market sources citing American Petroleum Institute data released on Wednesday, while fuel stocks also fell. Crude stocks fell by 2.8 million barrels in the week ended May 22, the sources said on condition of anonymity. ...
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