Commercial oil inventories in the US decreased by 1.693 million barrels last week, falling to 409.7 million barrels.
elchi reports that this was noted in the weekly report of the US Department of Energy.
According to the weekly data as of July 10, gasoline inventories decreased by 1.533 million barrels, while distillate inventories increased by 4.556 million barrels.
According to “Trading Economics” data, it was expected that oil inventories would decrease by 2.6 million barrels, gasoline by 800 thousand barrels, and distillate inventories would increase by 100 thousand barrels.
Inventories at the Cushing terminal, where oil traded on the New York Mercantile Exchange (NYMEX) is stored, increased by 430 thousand barrels.