EIA: US crude oil and gasoline inventories fell more than expected last week

On July 8th, the US Energy Information Administration (EIA) released data on Thursday showing that US crude oil and gasoline inventories fell sharply last week, but distillate inventories increased
.


Data show that US crude oil inventories fell by 6.
9 million barrels for the week ended July 2 to 445.
5 million barrels.
Previously, analysts expected a decline of 4 million barrels
.


As of the week of July 2, Cushing crude oil inventories in the United States, the delivery location of NYMEX crude oil futures, fell by 614,000 barrels
.


That week, the crude oil processing volume of US refineries fell by 184,000 barrels per day, and the capacity utilization rate fell by 0.
7 percentage points to 92.
2%
.


EIA data show that last week, US crude oil imports increased by 558,000 barrels per day
.


That week, US gasoline inventories fell by 6.
1 million barrels to 235.
5 million barrels.
Analysts expected a decline of 2.
2 million barrels
.


That week, distillate stocks, including diesel and heating oil, increased by 1.
6 million barrels to 138.
7 million barrels, and analysts expected an increase of 200,000 barrels
.


The EIA weekly report was postponed by one day due to the American Independence Day holiday this Monday
.