A day after the American Petroleum Institute’s estimated a 5-million-barrel crude oil inventory draw and failed to reverse oil prices’ fall, the Energy Information Administration failed at that, too by reporting only a moderate draw.
The authority reported a draw of 1.1 million barrels for the week to June 28, after a draw of 12.8 million barrels for the previous week—an inventory change of such magnitude it strengthened prices for the rest of the week.
At 468.5 million barrels, U.S. crude oil inventories were 5 percent above the upper limit of the five-year average, the EIA also said, adding refineries processed 17.3 million bpd last week, unchanged from the previous week’s daily processing rate.
Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles and worries about the global economy.
|Jul 10, 2019||10:30||-2.964M||-1.085M|
|Jul 03, 2019||10:30||-1.085M||-2.964M||-12.788M|
|Jun 26, 2019||10:30||-12.788M||-2.540M||-3.106M|
|Jun 19, 2019||10:30||-3.106M||-1.077M||2.206M|
|Jun 12, 2019||10:30||2.206M||-0.481M||6.771M|
|Jun 05, 2019||10:30||6.771M||-0.849M||-0.282M|
Weekly US ending stocks of crude oil.
Weekly ending stocks for unleaded gasoline.
Weekly US ending stocks for distillate fuel oil(heating oil-especially used in the Northeast).
Crude 3 months below
Crude 1 year below
Unleaded gas price:
Current gas prices:
Previous oil discussions: