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US commercial crude oil reserves ramp up


US commercial crude oil reserves ramp up

Washington, Jul 22 (Prensa Latina) US commercial oil reserves have ramped up in previous week for the first time since May, while gasoline and distillate fuel oil declined, the Energy Information Administration (EIA) reported.

According to EIA, crude stocks figured up to 2.1 million barrels and totaled 439.7 million tons, as analysts forecast a 4.5M-downfall.

In contrast, gasoline inventories yielded by 121,000 barrels to 236.4 million, compared to expected loss of one million barrels.

Meanwhile, distillate fuel oil reserves – which include heating oil and diesel – dropped 1.3 million barrels and totaled up to 141 million, while analysts forecast an increased 557,000 barrels.

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