In contrast to analysts’ predictions in a Reuters poll, which increased by 367 thousand barrels, the US Energy Information Administration reported on Wednesday that crude stocks declined by 3. 1 million barrels in the week ending October 28 to 436. 8 million barrels.
The agency also noted that crude stocks at the Kashing, Oklahoma, distribution station increased by 1. 3 million barrels last week.
According to data from energy management, the consumption of refining refineries climbed by 406,000 barrels per day last week.
Refineries’ overall utilisation rate improved by 1. seven percentage points
US gasoline inventories fell by 1. 3 million barrels to 206 throughout the course of the week. 6 million vs the anticipated 1 million barrels. 4,000,000 barrels.
The distillation products, which include heating oil and diesel, rose by 400 000 barrels over the course of the week to 106.
8 million barrels, as opposed to the predicted 560,000 barrels.
The net US oil imports rose 1. 23 million barrels per day..
Contrary to projections, American crude oil stocks are falling in a week.
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