finance

U.S. Crude Inventories Fall 1.7 Million Barrels in Week Ending July 10

The U.S. Energy Information Administration reported a 1.7 million barrel decline in commercial crude stockpiles for the week ending July 10. Inventories now stand at 409.7 million barrels, 6% below the five-year average.

Jul 15, 11:28 AM(3 hrs ago)·1m read1 source

U.S. Crude Inventories Fall 1.7 Million Barrels in Week Ending July 10

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U.S. commercial crude oil inventories fell 1.7 million barrels in the week ending July 10, the U.S. Energy Information Administration said Wednesday. Stockpiles now total 409.7 million barrels and sit 6% below the five-year average for this period.

Distillate inventories rose 4.6 million barrels while gasoline stocks declined, the EIA said. Distillates now stand 11% below the five-year average. Crude futures traded lower in morning sessions even as U.S.-Iran tensions continued. The EIA report covers commercial stockpiles only and does not include strategic petroleum reserve figures.

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