U.S. Crude Oil Inventories Fall for Sixth Consecutive Week to 434M Barrels

According to the U.S. Energy Information Administration, U.S. commercial crude oil inventories fell 7.974 million barrels to 434 million barrels for the week ending May 29, marking the sixth consecutive weekly decline. The stockpile level sits approximately 3% below the five-year average, while export volumes increased and refinery capacity utilization remained near maximum saturation.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments