BUSINESS US crude oil inventories decrease last week: EIA

BUSINESS

US crude oil inventories decrease last week: EIA

Xinhua

07:14, October 16, 2020

HOUSTON, Oct. 15 (Xinhua) -- U.S. crude oil inventories decreased during the week ending Oct. 9, the U.S. Energy Information Administration (EIA) said in a report on Thursday.

According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 3.8 million barrels from the previous week.

At 489.1 million barrels, U.S. crude oil inventories were about 11 percent above the five-year average for this time of year.

According to the EIA, total motor gasoline inventories decreased by 1.6 million barrels last week and were about 1 percent below the five-year average for this time of year. Finished gasoline and blending components inventories both decreased last week.

Distillate fuel inventories decreased by 7.2 million barrels last week and were about 19 percent above the five-year average for this time of year.

Propane/propylene inventories decreased by 1.9 million barrels last week and were about 11 percent above the five-year average for this time of year. Total commercial petroleum inventories decreased by 16.8 million barrels last week. 

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