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Commercial crude oil reserves fall in the US

Commercial crude oil reserves fall in the US

Washington, Jul 15 (Prensa Latina) Commercial crude oil reserves in the United States fell the previous week, while gasoline and distillates increased, the Energy Information Administration reported the eve.
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According to reports from the government office, in that period, oil stocks decreased by 7.9 million barrels, a figure higher than the decline of 4.4 million tons predicted by analysts.

Meanwhile, gasoline inventories increased by one million barrels, when experts expected a drop of 1.8 million barrels.

Distillate reserves —including diesel and heating oil— increased by 3.7 million barrels, compared to the expected increase of 877 thousand per unit.

The entity added that the northern country’s net crude imports contracted last week by 1.1 million barrels a day.

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