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2019-07-04 16:20:00

U.S. OIL INVENTORIES DOWN 1.1 MB TO 468.5 MB

U.S. OIL INVENTORIES DOWN 1.1 MB TO 468.5 MB

OGJ - US crude oil inventories for the week ended June 28, excluding the Strategic Petroleum Reserve, decreased by 1.1 million bbl from the previous week, according to data from the US Energy Information Administration.

Separately, the American Petroleum Institute said its own estimates showed US crude inventories decreased by nearly 5 million bbl for the week.

At 468.5 million bbl, US crude oil inventories are 5% above the 5-year average for this time of year, the report indicated.

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