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US Petroleum Institute said on Tuesday that crude oil inventories in the United States fell more than expected last week as gasoline stocks dropped Crude stocks at the Kashing Delivery Center in Oklahoma declined 2.6 million barrels during the week ended June 29, at 416.9 million barrels, compared to a decline of 3.5 million barrels compared to badysts' forecasts
. According to the Beat Institute
Data show that the consumption rate of refineries fell by 149,000 barrels per day
Gasoline inventories decreased by 3 million barrels compared to badysts' forecasts in a Reuters survey of 817,000 barrels
. Inventories of distillates, including diesel and fuel oil, dropped 438,000 barrels from the forecast of 545,000 barrels.
US crude oil imports fell from 250,000 barrels a day to 7.8 million barrels a day. The Arabs are sailing today on our website and in case you have any questions about it Al Khobar Petroleum Institute: US oil stocks drop to 4.5 million barrels above expectations please inform us or leave a comment below
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