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    Home » U.S. crude inventories fell in latest week – EIA

    U.S. crude inventories fell in latest week – EIA

    August 25, 2021
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    *US crude oil inventories.

    New York — Crude inventories fell by 3 million barrels in the last week to 432.6 million barrels, compared with analysts’ expectations in a Reuters poll for a 2.7 million-barrel drop.

    Crude stocks at the Cushing, Oklahoma, delivery hub   rose by 70,000 barrels in the last week, EIA said.

    Refinery crude runs rose by 66,000 barrels per day in the last week, EIA said.

    Refinery utilization rates rose by 0.2 percentage points, in the week.

    U.S. gasoline stocks fell by 2.2 million barrels in the week to 225.92 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.6 million-barrel drop.​

    Distillate stockpiles, which include diesel and heating oil, rose by 0.6 million barrels in the week to 138.46 million barrels, versus expectations for a 0.3 million-barrel drop, the EIA data showed.

    Net U.S. crude imports rose last week by 426,000 barrels per day, EIA said.

    – Reuters (Reporting By Jessica Resnick-Ault)

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