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Notizie economiche
28.08.2024

EIA’s report shows a smaller-than-forecast decrease in U.S. weekly crude oil inventories

The U.S. Energy Information Administration (EIA) announced on Wednesday that crude inventories decreased by 0.846 million barrels in the week ended August 23, following a decline of 4.649 million barrels in the previous weekEconomists had predicted a drop of 3.000 million barrels.

At the same time, gasoline stocks plunged by 2.203 million barrels, recording the third consecutive weekly decline. Analysts had forecast a draw of 1.600 million barrels. The previous week saw a fall of 1.606 million barrels.

Elsewhere, distillate stocks increased by 0.275 million barrels, recording the first rise in three weeks. Analysts had anticipated a decrease of 1.100 million barrels. The previous week witnessed a tumble of 3.312 million barrels.

Meanwhile, oil production in the U.S. reduced by 100,000 barrels a day to 13.300 million barrels per day.

U.S. crude oil imports averaged 6.6 million barrels per day last week, logging a fall of 92,000 barrels per day from the week before.

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