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Petroleum Institute: US oil inventories fall 4.5 million barrels exceeded expectations
2018/07/04 1:39
(Encyclopedia of this Day News | Iraq News ) - American Petroleum Institute said on Tuesday that crude oil inventories in theUnited States fell by more than expected last week , while gasoline fell and distillate stocks.
Crude stocks fell by 4.5 million barrels in the week ending June 29 to 416.9 million barrels, compared with analysts' forecasts of a 3.5 million barrel decline.
Crude stocks at the Kashing delivery center in Oklahoma fell by 2.6 million barrels, the Petroleum Institute said.
The data showed that the rate of refinery consumption fell by 149 thousand barrels per day.
Gasoline inventories shrank by 3 million barrels, compared to analysts' forecasts in a Reuters poll of 817,000 barrels.
According to the data, distillate stocks, which include diesel and heating oil, fell 438,000 barrels compared to a forecast of 545,000 barrels.
US crude imports last week fell by 250,000 bpd to 7.8 million bpd.
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Crude stocks fell by 4.5 million barrels in the week ending June 29 to 416.9 million barrels, compared with analysts' forecasts of a 3.5 million barrel decline.
Crude stocks at the Kashing delivery center in Oklahoma fell by 2.6 million barrels, the Petroleum Institute said.
The data showed that the rate of refinery consumption fell by 149 thousand barrels per day.
Gasoline inventories shrank by 3 million barrels, compared to analysts' forecasts in a Reuters poll of 817,000 barrels.
According to the data, distillate stocks, which include diesel and heating oil, fell 438,000 barrels compared to a forecast of 545,000 barrels.
US crude imports last week fell by 250,000 bpd to 7.8 million bpd.
Note: The content titled (Petroleum Institute: US oil inventories drop 4.5 million barrels exceeded expectations) was published first on the site (Al-Ghad) and does not bear the encyclopedia of this day news content in any way.
You can see the details of this title (Petroleum Institute: US oil inventories fall 4.5 million barrels exceeding expectations) through its original source any site (Al-Ghad).
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