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  • EIA’s report shows a bigger-than-anticipated fall in U.S. weekly crude oil inventories
Ekonomické zprávy
31.07.2024

EIA’s report shows a bigger-than-anticipated fall in U.S. weekly crude oil inventories

The U.S. Energy Information Administration (EIA) reported on Wednesday that crude inventories fell by 3.436 million barrels in the week ended July 26, following a decline of 3.741 million barrels in the previous week. Overall, this was the fifth straight weekly decrease in the U.S. crude inventories.

Economists had anticipated a draw of 1.600 million barrels.

At the same time, gasoline stocks dropped by 3.665 million barrels. Analysts had expected a decrease of 1.300 million barrels. The previous week witnessed a plunge of 5.572 million barrels.

Elsewhere, distillate stocks climbed by 1.534 million barrels. Analysts had predicted a slip of 1.000 million barrels. The previous week saw a drop of 2.753 million barrels.

Meanwhile, oil production in the U.S. remained unchanged at 13.300 million barrels per day.

U.S. crude oil imports averaged 7.0 million barrels per day last week, logging an advance of 82,000 barrels per day from the week before.

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