U.S. crude oil inventories decrease last week: EIA

Source: Xinhua| 2020-05-21 00:50:17|Editor: huaxia

HOUSTON, May 20 (Xinhua) -- U.S. crude oil inventories decreased during the week ending May 15, the U.S. Energy Information Administration (EIA) said in a report on Wednesday.

According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 5.0 million barrels from the previous week.

At 526.5 million barrels, U.S. crude oil inventories were about 10 percent above the five-year average for this time of year.

According to the EIA, total motor gasoline inventories increased by 2.8 million barrels last week and were about 10 percent above the five-year average for this time of year. Finished gasoline and blending components inventories both increased last week.

Distillate fuel inventories increased by 3.8 million barrels last week and were about 19 percent above the five-year average for this time of year.

Propane/propylene inventories increased by 1.1 million barrels last week and were about 14 percent above the five-year average for this time of year. Total commercial petroleum inventories increased last week by 5.0 million barrels last week. Enditem

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