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Crude Stockpile Fell 5.241 Million Barrels Last Week: EIA

Published 06/09/2021, 10:26 AM
Updated 06/09/2021, 10:33 AM
© 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.

 

Latest comments

So with distillates and gasoline inventories jumping the net oil position including processed and processed actually rose 1.9 billion barrels.
So with distillates and gasoline inventories jumping the net oil position including processed and processed actually rose 1.9 billion barrels.
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
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
so it's a sell?
no oil... we are using it up at the fastest pace... inflation
up
Price should rise
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 .
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.
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 .
what about the marijuana etf?
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!!
Speculative or bull chip?????
jagocuan
Based on distillate and gasoline inventory, so much for the recovery…
it's buy or sell ??
Recovery confirmed!
so big sell
inflation confirmed
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