{"id":3697,"date":"2023-05-03T12:34:17","date_gmt":"2023-05-03T16:34:17","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/u-s-crude-inventories-down-1-3m-barrels-last-week-fuel-stocks-mixed\/"},"modified":"2023-05-03T12:34:17","modified_gmt":"2023-05-03T16:34:17","slug":"u-s-crude-inventories-down-1-3m-barrels-last-week-fuel-stocks-mixed","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=3697","title":{"rendered":"U.S. crude inventories down 1.3M barrels last week, fuel stocks mixed"},"content":{"rendered":"
\n

Investing.com — inventories fell by almost 1.3 million barrels last week, declining for a third straight week though far less than the prior week, while gasoline stockpiles actually rose versus expectations for a drop, the U.S. Energy Information Administration, or EIA, reported on Wednesday.<\/p>\n

Balances for distillates, meanwhile, fell just a little more than forecast, the EIA said in its Weekly Petroleum Status Report for the week ended April 28.<\/p>\n

Analysts tracked by Investing.com expect the EIA to report a drop of 1.280 million barrels for the week ended April 28, versus the previous week’s draw of 5.054M.<\/p>\n

The Biden administration, meanwhile, released 1.3 million barrels from the Strategic Petroleum Reserve, or SPR, last week, the EIA report showed.<\/p>\n

On the front, the EIA reported a build of 1.743M barrels. Analysts had expected the agency to cite a draw of 1.157M barrels instead, after the previous drop of 2.408M barrels for the week to April 14. Automotive fuel gasoline is the No. 1 U.S. fuel product.<\/p>\n

With , the EIA reported a drop of 1.191M barrels. Analysts had forecast a 1.084M barrel draw, against a decline of 0.576M in the prior week. Distillates are refined into , diesel for trucks, buses, trains and ships, and fuel for jets.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com — inventories fell by almost 1.3 million barrels last week, declining for a third straight week though far less than the prior week, while gasoline stockpiles actually rose versus expectations for a drop, the U.S. Energy Information Administration, or EIA, reported on Wednesday. Balances for distillates, meanwhile, fell just a little more than forecast, […]<\/p>\n","protected":false},"author":1,"featured_media":3698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-3697","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nU.S. crude inventories down 1.3M barrels last week, fuel stocks mixed | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com -- inventories fell by almost 1.3 million barrels last week, declining for a third straight week though far less than the prior week, while\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=3697\" \/>\n<meta property=\"og:locale\" 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