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US oil inventories falling to 482 thousand barrels

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Rocky


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US oil inventories falling to 482 thousand barrels




11/18/15


Agencies - Data from the American Petroleum Institute, on Tuesday, that "crude oil inventories in the United States fell last week, with the decline in imports and rising refinery production, while gasoline stocks increased, and distillate stocks fell.
Crude stocks have fallen by 482 thousand barrels in the week to 485.7 million barrels, compared with analysts' expectations, an increase of 1.9 million barrels.

The institute said that "crude stocks in the US crude delivery warehouse in Kasheng, Oklahoma, rose 1.3 million barrels."

And distillate stocks fell 1.5 million barrels, compared with analysts' expectations of a decline of 0.5 million barrels.

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