US crude reserves grow for ninth week in a row

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Crude oil stocks in the United States increased last week, after nine weeks in a row. This was shown on Wednesday by figures from the US Energy Agency EIA.

In the week ending 16 July crude oil stocks increased by 2.1 million barrels to 439.7 million barrels. Gasoline stocks fell by 0.1 million barrels to 236.4 million barrels. Stocks of fuel oil and diesel fell by 1.3 million barrels to 141.0 million units.

The capacity utilization of the refineries fell from 91.8% to 91.4%.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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