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  • EIA’s report shows a steeper-than-expected draw in U.S. weekly crude oil inventories
Ekonomické zprávy
25.09.2024

EIA’s report shows a steeper-than-expected draw in U.S. weekly crude oil inventories

The U.S. Energy Information Administration (EIA) reported on Wednesday that crude inventories dropped by 4.471 million barrels in the week ended September 20, following a decline of 1.630 million barrels in the previous weekEconomists had expected a draw of 1.400 million barrels.

At the same time, gasoline stocks decreased 1.538 million barrels, recording the first fall in four weeks. Analysts had predicted a slip of 0.020 million barrels. The previous week saw a build of 0.069 million barrels.

Elsewhere, distillate stocks tumbled by 2.227 million barrels, recording the first decline in three weeks. Analysts had forecast a plunge of 1.600 million barrels. The previous week witnessed a gain of 0.125 million barrels.

Meanwhile, oil production in the U.S. remained unchanged at 13.200 million barrels per day.

U.S. crude oil imports averaged 6.5 million barrels per day last week, logging an advance of 135,000 barrels per day from the week before.

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