- U.S. crude inventories decline by 4.407 million barrels to 455.3 million in the week to July 31
Market news
5 August 2015
U.S. crude inventories decline by 4.407 million barrels to 455.3 million in the week to July 31
The U.S. Energy Information Administration (EIA) released its crude oil inventories data on Wednesday. U.S. crude inventories fell by 4.407 million barrels to 455.3 million in the week to July 31.
Analysts had expected U.S. crude oil inventories to decline by 1.95 million barrels.
Gasoline inventories climbed by 811,000 barrels last week, according to the EIA.
Crude stocks at the Cushing, Oklahoma, declined by 542,000 barrels.
U.S. crude oil imports decreased by 370,000 barrels per day.
Oil production in the U.S. rose to 9.47 million barrels in last week from 9.41 million in the previous week.
Refineries in the U.S. were running at 96.1% of capacity.
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