USA: weekly decline in crude oil inventories

(CercleFinance.com) - Data published by the U.
S. Energy Information Administration (EIA) show that U.S. crude oil inventories stood at 429.3 million barrels for the week ending July 29, down 3.7 million barrels on the previous week.

In detail, inventories of distillates - including heating oil - rose by 0.9 million barrels, while gasoline stocks were up by 1.3 million barrels on the previous week, the agency continues.

Finally, the EIA states that refineries operated at 90.5% of their operational capacity during the same week, with average production of 10 million barrels/day.

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