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1. • -1.5%

     • 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.
     Reference:

     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 are crude oil inventories?

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

   United States Crude Oil Inventories - Investing.com

   www.investing.com/economic-calendar/eia-crude-oil-inventories-75/

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   How much crude oil did the US import last week?

   • U.S. crude oil imports averaged 7.1 million barrels per day last week, decreased by 1.3 million barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 7.3 million barrels per day, 11.6% more than the same four-week period last year.

   Weekly Petroleum Status Report - U.S. Energy Information Administration

   www.eia.gov/petroleum/supply/weekly/pdf/wpsrall.pdf

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   What is the correlation between oil inventories and oil prices?

   • Oil inventories and oil prices have a correlation coefficient of -0.54. Over the past 20 years, data have shown that inventories would increase from February to May as well as from September to November, and decrease from June to August and in December. Inventories usually peak in April or May.

   US - Crude Oil Inventories | MacroMicro

   en.macromicro.me/charts/178/us-oil-inventory

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   What are Alaskan crude oil inventories?

   • Crude oil inventories include Alaskan crude oil in transit by water. Aggregated weekly petroleum supply statistics are used for calculation of products supplied, which is an approximation of U.S. petroleum demand. The supply data contained in this report are based primarily on company submissions for the week ending 7:00 a.m. the preceding Friday.

   Weekly Petroleum Status Report - U.S. Energy Information Administration

   www.eia.gov/petroleum/supply/weekly/pdf/wpsrall.pdf

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3. ir.eia.gov › wpsr › wpsrsummarySummary of Weekly Petroleum Data for the week ending May 31, 2024

   ir.eia.gov › wpsr › wpsrsummary

   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 455.9 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. Total motor gasoline

4. fingfx.thomsonreuters.com › gfx › ceU.S. crude oil inventories and prices

   fingfx.thomsonreuters.com › gfx › ce

   U.S. crude oil futures calendar spread from March to April 2024 U.S.$ per barrel, contango (-) or backwardation (+), daily and 21-day centred average JanÞ5, 2024

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6. www.investing.com › eia-crude-oil-inventories-75United States Crude Oil Inventories - Investing.com

   www.investing.com › eia-crude-oil-inventories-75

   • Cached

   3 days ago · The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of...

7. 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.

8. 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)

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

   www.eia.gov › petroleum › supply

   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.5 million barrels from the previous week. 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

10. en.macromicro.me › charts › 178US - Crude Oil Inventories | MacroMicro

    en.macromicro.me › charts › 178

    • Cached

    Oil inventories and oil prices have a of -0.54. Over the past 20 years, data have shown that inventories would increase from February to May as well as from September to November, and decrease from June to August and in December. Inventories usually peak in April or May.