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Crude Stockpile Fell 5.241 Million Barrels Last Week: EIA

CommoditiesJun 09, 2021 10:33AM ET
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© Reuters.

By Liz Moyer

Investing.com -- U.S. oil stockpiles declined more than expected in the latest week, the Energy Information Administration said on Wednesday.

Crude oil inventories fell 5.241 million barrels last week, compared with analysts' expectations for a draw of 2.036 million barrels.

Distillate stockpiles, which include diesel and heating oil, rose 4.412 million barrels in the week against expectations for a build of 1.358 million barrels, the EIA data showed.

Refinery crude runs were 328,000 barrels. The weekly refinery utilization rate rose 2.6%, according to the EIA report.

Gasoline inventories rose 7.046 million barrels last week the EIA said, compared with expectations for a build of 698,000 barrels.

 

Crude Stockpile Fell 5.241 Million Barrels Last Week: EIA
 

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Comments (14)
Me comment
Me comment Jun 09, 2021 11:36AM ET
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So with distillates and gasoline inventories jumping the net oil position including processed and processed actually rose 1.9 billion barrels.
Velton Terry
Velton Terry Jun 09, 2021 11:15AM ET
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I believe oil and gas shall remain as they are never changed for something that are not and will not stand such as electricity or electric such as for automobiles because of the costs Electric will not lasts nor outweigh oil and gas, it's the everlasting future for all
Velton Terry
Velton Terry Jun 09, 2021 11:14AM ET
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I believe oil and gas shall remain as they are never changed for something that are not and will not stand such as electricity or electric such as for automobiles because of the costs Electric will not lasts nor outweigh oil and gas, it's the everlasting future for all
Emanuel Francis
Emanuel Francis Jun 09, 2021 10:53AM ET
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so it's a sell?
Mike Caldera
Mike Caldera Jun 09, 2021 10:53AM ET
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no oil... we are using it up at the fastest pace... inflation
David Oirere
David Oirere Jun 09, 2021 10:53AM ET
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David Oirere
David Oirere Jun 09, 2021 10:53AM ET
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Price should rise
Muhammad Sultan
Muhammad Sultan Jun 09, 2021 10:49AM ET
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electric cars are not substitute of oil driven cars because electricity production also on crude oil driven generators. electric cars manufacturers only making innocent people fool .
Joseph Armour
Joseph Armour Jun 09, 2021 10:49AM ET
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True. However, it is a lot less problematic to find ways to change electric production facilities into alternative eco- friendly businesses than billions of tiny vehicles worldwide.
Muhammad Sultan
Muhammad Sultan Jun 09, 2021 10:49AM ET
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electric cars are not substitute of oil driven cars because electricity production also on crude oil driven generators. electric cars manufacturers only making innocent people fool .
Brett Morris
Brett Morris Jun 09, 2021 10:46AM ET
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what about the marijuana etf?
Ronald Warren
Ronald Warren Jun 09, 2021 10:46AM ET
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Marijuana is one of the most secure investments. Watch penny stocks turn to dollars within 3 years. Liberals will legalize marijuana on the Federal level soon. They have to. With the implementation of Fed-Coin ( the digital dollar) all marijuana purchases will have to be run through our banking system. The industry will pay HUGE!!
Nitchawut Pongsaing
Nitchawut Pongsaing Jun 09, 2021 10:45AM ET
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Speculative or bull chip?????
Thurr Fatur
Thurr Fatur Jun 09, 2021 10:43AM ET
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jagocuan
Louis Moore Bacon
Louis Moore Bacon Jun 09, 2021 10:42AM ET
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Based on distillate and gasoline inventory, so much for the recovery…
Jerin Jayaraman
Jerin Jayaraman Jun 09, 2021 10:42AM ET
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it's buy or sell ??
Phil Kimmel
Phil Kimmel Jun 09, 2021 10:41AM ET
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Recovery confirmed!
Andy Zhou
AndyZhou88yyds Jun 09, 2021 10:40AM ET
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so big sell
Mike Caldera
Mike Caldera Jun 09, 2021 10:38AM ET
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inflation confirmed
 
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