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America: Crude oil inventories fall more than expected in a week

America: Crude oil inventories fall more than expected in a week

The US Energy Information Administration said on Wednesday that crude inventories fell by 1.8 million barrels to 428.4 million barrels in the week ending November 22, compared to analysts’ expectations in a Reuters poll of a decline of 605 thousand barrels.

The administration added that crude stocks at the delivery center in Cushing, Oklahoma, fell by about 909 thousand barrels.

She explained that crude consumption in refineries increased by about 67 thousand barrels per day, and refinery operating rates rose by 0.3 percentage points during the week to 90.5 percent.

Management said inventories benzene It rose by 3.3 million barrels in the week to 212.2 million barrels, compared to analysts’ expectations in a Reuters poll of a decline of 46 thousand barrels.

The data showed that distillate stocks, which include diesel and heating oil, rose by 400,000 barrels per week to 114.7 million barrels, compared to expectations for a rise of 100,000 barrels.

The administration said that net imports US Of crude oil, 1.89 million barrels per day fell.



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