U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.7 million barrels from the previous week. At 490.6 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year.

Total motor gasoline inventories decreased by 4.4 million barrels last week, but are in the upper half of the average range. Both finished gasoline inventories and blending components inventories decreased last week.

Distillate fuel inventories decreased by 2.1 million barrels last week but are near the upper limit of the average range for this time of year. Propane/propylene inventories increased by 3.5 million barrels last week but are in the lower half of the average range. Total commercial petroleum inventories decreased by 10.2 million barrels last week.

(raw materials / closing price /% change)

Oil 46.25 -0.32%

Gold 1,241.90 0.00%