U.S. crude oil stocks (excluding those in the Strategic Petroleum Reserve) decreased by 12.6 million barrels during the week ending July 6, 2018 compared with the previous week, according to the U.S. Energy Information Administration (EIA).
Stock levels are about 4% below the five year average for this time of year, at a reported 405.2 million barrels.
The EIA said total motor gasoline inventories decreased by 0.7 million barrels last week and are about 6% above the five year average for this time of year. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories increased by 4.1 million barrels last week and are about 12% below the five year average for this time of year.
Propane/propylene inventories increased by 2.4 million barrels last week and are about 10% below the five year average for this time of year.
For more information, visit: www.eia.gov
12th July 2018
