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U.S. Oil & Product Storage Weekly
Oil Draws, But Prices Reacting To Trump Comments
Jeff Davies
January 23, 2025
Highlights For the Week
Total U.S. commercial oil & products dropped by 4.14 million barrels. U.S. commercial oil stocks dropped by 1.02 million barrels. The U.S. SPR rose by 0.25 million barrels. On the product side, gasoline stocks rose by 2.33 million barrels. Diesel stocks dropped by 3.07 million barrels.
Total products supplied were 19.6 million barrels, up 5.2% versus last year. Imports were higher by 134,000 barrels. Exports were higher by 278,000 barrels per day.
U.S. oil production was 13.5 million barrels, flat to last week.
