U.S. commercial crude oil inventories was recorded at 404.9 million barrels during the week ending July 20, 2018, a decrease of 6.1 million barrels, according to latest data from the U.S. Energy Information Administration.
The Weekly Petroleum Status Report showed U.S. crude oil inventories are about 3% below the five year average for this time of year.
Total motor gasoline inventories decreased by 2.3 million barrels last week and are about 4% above the five year average for this time of year. Finished gasoline and blending components inventories both decreased last week. Distillate fuel inventories decreased by 0.1 million barrels last week and are about 13% below the five year average for this time of year. Total commercial petroleum inventories decreased last week by 9.7 million barrels last week.
U.S. crude oil imports averaged 7.8 million barrels per day last week, down by 1,296,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 8.3 million barrels per day, 6.1% more than the same four-week period last year.
For more information, visit: www.eia.gov
26th July 2018