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1. • • Wednesday's EIA report showed that (1) US crude oil inventories as of June 21 were -1.5% below the seasonal 5-year average, (2) gasoline inventories were -0.2% below the seasonal 5-year average, and (3) distillate inventories were -8.8% below the 5-year seasonal average.
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     Crude Prices Finish Higher on the Outlook for Global Oil ...

2. People also ask

   What happened to US crude oil inventories?

   • U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.2 million barrels from the previous week. At 454.7 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year.

   Summary of Weekly Petroleum Data for the week ending May 17, 2024

   ir.eia.gov/wpsr/wpsrsummary.pdf?source=content_type:react|first_level_url:news|section:main_content|button:body_link

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   How many barrels of crude oil are in the United States?

   • At 454.7 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. Total motor gasoline inventories increased by 2.0 million barrels from last week and are about 1% below the five year average for this time of year. Both finished gasoline and blending components inventories increased last week.

   Summary of Weekly Petroleum Data for the week ending May 17, 2024

   ir.eia.gov/wpsr/wpsrsummary.pdf?source=content_type:react|first_level_url:news|section:main_content|button:body_link

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   What is crude oil inventory?

   • Crude Oil Inventory – The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels for commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

   Wednesday Crude oil Today Crude Oil Inventory Data

   www.mcxstar.com/crude-oil-inventory-data-report-live-today/

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   How much will crude oil production fall this year?

   • U.S. crude oil production is expected to fall by 990,000 bbl/d this year to 11.26 million bbl/d, the U.S. Energy Information Administration (EIA) said Aug. 11, a steeper decline than its forecast last month for a decline of 600,000 bbl/d.

   US Oil Production Drop in 2020 to Be Steeper Than Last

   www.hartenergy.com/news/us-oil-production-drop-2020-be-steeper-last-forecast-189122

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   Why are crude oil prices rising?

   • An increase in crude oil in floating storage is bearish for prices. Monday's weekly data from Vortexa showed that the amount of crude oil held worldwide on tankers that have been stationary for at least a week rose +12% w/w to 92.90 million bbl as of June 21. Crude oil prices have underlying support from concern about the Hamas-Israel conflict.

   Crude Prices Finish Higher on the Outlook for Global Oil Supplies to Re…

   www.msn.com/en-us/money/markets/crude-prices-finish-higher-on-the-outlook-for-global-oil-supplies-to-remain-tight/ar-BB1p17cV

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   How much oil does the US import a day?

   • U.S. crude oil imports averaged 6.8 million barrels per day last week, increased by 106 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.8 million barrels per day, 6.5% more than the same four-week period last year.

   Summary of Weekly Petroleum Data for the week ending May 17, 2024

   ir.eia.gov/wpsr/wpsrsummary.pdf?source=content_type:react|first_level_url:news|section:main_content|button:body_link

   See all results for this question

3. www.nasdaq.com › articles › crude-advances-outlookCrude Advances on the Outlook for Tight Global Oil ... - Nasdaq

   www.nasdaq.com › articles › crude-advances-outlook

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   Jun 18, 2024 · Last Wednesday's EIA report showed that (1) US crude oil inventories as of June 7 were -3.6% below the seasonal 5-year average, (2) gasoline inventories were -0.5% below the seasonal 5-year...

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     Oil Prices Fall Further As U.S. Crude Oil Inventories See Major Build | OilPrice.com

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5. www.eia.gov › petroleum › weeklyThis Week In Petroleum Crude Oil Section - U.S. Energy ...

   www.eia.gov › petroleum › weekly

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   Jun 20, 2024 · U.S. Crude Oil Production, Imports, Exports, Stocks, Supply, Prices, Data and Analysis from Energy Information Administration (U.S. Dept. of Energy)

6. oilprice.com › Energy › Energy-GeneralDeclining U.S. Petroleum Inventories Push Oil Prices Higher

   oilprice.com › Energy › Energy-General

   • Cached

   Jan 25, 2022 · U.S. crude oil inventories are about 8 percent below the five-year average for this time of year. Distillate fuel inventories are about 16 percent below the five-year average, and...

7. oilprice.com › Energy › Oil-PricesTight U.S. Oil Inventories Prop Up Oil Prices | OilPrice.com

   oilprice.com › Energy › Oil-Prices

   • Cached

   Dec 20, 2021 · At 428.3 million barrels, crude oil inventories remain 7% below the five-year average for this time of the year. Last week’s draw compares with a modest 200,000-barrel decline in crude...

8. ir.eia.gov › wpsr › wpsrsummarySummary of Weekly Petroleum Data for the week ending June 21 ...

   ir.eia.gov › wpsr › wpsrsummary

   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.6 million barrels from the previous week. At 460.7 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year.

9. www.eia.gov › petroleum › supplyWeekly Petroleum Status Report - U.S. Energy Information ...

   www.eia.gov › petroleum › supply

   5 days ago · At 457.1 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. Total motor gasoline inventories decreased by 2.3 million barrels from last week and are about 1% below the five year average for this time of year.