US crude inventories fall over 8 million barrels

Economies.com
2020-07-01 14:52PM UTC

The US Energy Information Administration (EIA) showed today that the US crude inventories fell 7.2 million barrels to reach a total of 533.5 million barrels during the past week, beating forecasts of a drop by 2.7 million barrels.

 

The gasoline stockpiles rose 1.2 million barrels to a total of 256.5 million, and distillate stockpiles fell by 600,000 barrels to a total of 174.1 million.

 

While the American Petroleum Institute (API) showed yesterday in preliminary data that inventories fell 8.15 million barrels during same period.

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