• U.S. commercial crude oil inventories decreased by 5.9 million barrels from the previous week

Market news

20 June 2018

U.S. commercial crude oil inventories decreased by 5.9 million barrels from the previous week

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.9 million barrels from the previous week. At 426.5 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year.

Total motor gasoline inventories increased by 3.3 million barrels last week and are about 6% above the five year range. Finished gasoline and blending components inventories both increased last week.

Distillate fuel inventories increased by 2.7 million barrels last week and are about 14% below the five year average for this time of year. Propane/propylene inventories increased by 3.2 million barrels last week and are about 15% below the five year average for this time of year. Total commercial petroleum inventories increased by 0.2 million barrels last week.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.