Crude Supplies Dropped Last Week, Gasoline Up: EIA, API
US commercial crude inventories were down by 6.5 million barrels for the week ended August 4th, according to the Wednesday figures from the US Energy Information Administration.
The total crude inventory is now at 475.4 million barrels.
However, gasoline supplies increased 3.4 million barrels, according to the EIA.
This, after the American Petroleum Institute reported Tuesday a crude inventory drop of nearly eight million barrels last week, with gasoline inventories up 1.5 million barrels and distillates down by 157,000 barrels.
By Mike Shiloh
Copyright August 09, 2017, Mike Shiloh, Texas Energy Report LLC, www.texasenergyreport.com, All rights are reserved