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2019-08-16 10:20:00

U.S. OIL INVENTORIES 440.5 MLN BBL

U.S. OIL INVENTORIES 440.5 MLN BBL

OGJ US crude oil inventories for the week ended Aug. 9, excluding the Strategic Petroleum Reserve, increased by 1.6 million bbl from the previous week, according to data from the US Energy Information Administration.

At 440.5 million bbl, US crude oil inventories are 3% above the 5-year average for this time of year, the report indicated.

Separately, the American Petroleum Institute said its own estimates showed US crude inventories increased…

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