US Crude stocks increased by 153,000 barrels per day last week to hover around 15.8 million barrels per day from the prior week.
- Commercial crude oil inventories in the US dropped by 0.24 million barrels in the week ending December 3. That was less than the anticipated draw of 1.705 million barrels.
- Distillate inventories posted a larger than the anticipated build of 2.7 million barrels, surpassing the forecasts of 1.6M barrel build.
- Gasoline stocks recorded a larger than expected build of 3.9 million barrels, higher than the forecasts of 1.8 million barrel build.
- Over the last four-week, the total products supplied increased by 10.2% to hit 20.9M barrels per day from the same period last year.
- The motor gasoline product supplied hoovered 9.1M barrels per day, rising by 13.7% from the same period last year.
Distillate fuel product supplied averaged 4.1 million per barrel, rising by 6.1% from the same period 2020.
USOIL up +0.57%, CL! Down -0.33%