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Petroleum Institute: US crude oil inventories fall 1.1 million barrels
The US Petroleum Institute said US crude oil inventories in the United States fell last
week contrary to analysts' expectations, while gasoline stocks fell and distillate stocks rose.
Crude oil inventories fell 1.1 million barrels in the week ending February 2 to 418.4 million barrels, while analysts had forecast a 3.2 million barrel increase, data from the Petroleum Institute showed. Stocks at the delivery center in Cushing, Oklahoma, fell 633,000 barrels.
The data showed that gasoline stocks fell 227 thousand barrels, while analysts polled by Reuters had expected an increase of 459 thousand barrels.
The Petroleum Institute said distillate stocks, including diesel and heating oil, jumped 4.6 million barrels while 1.4 million barrels were expected to fall.
UShttp://economy-news.net/content.php?id=10992 crude oil imports last week fell 116,000 bpd to 7.8 million bpd.
The US Petroleum Institute said US crude oil inventories in the United States fell last
week contrary to analysts' expectations, while gasoline stocks fell and distillate stocks rose.
Crude oil inventories fell 1.1 million barrels in the week ending February 2 to 418.4 million barrels, while analysts had forecast a 3.2 million barrel increase, data from the Petroleum Institute showed. Stocks at the delivery center in Cushing, Oklahoma, fell 633,000 barrels.
The data showed that gasoline stocks fell 227 thousand barrels, while analysts polled by Reuters had expected an increase of 459 thousand barrels.
The Petroleum Institute said distillate stocks, including diesel and heating oil, jumped 4.6 million barrels while 1.4 million barrels were expected to fall.
UShttp://economy-news.net/content.php?id=10992 crude oil imports last week fell 116,000 bpd to 7.8 million bpd.
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