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U.S. Oil & Product Storage
Mostly Draws May Help Oil Carve Out a Bottom
Jeff Davies
August 21, 2024
Highlights For the Week
Total U.S. commercial oil & products dropped by 5.85 million barrels. U.S. commercial oil stocks dropped by 4.65 million barrels. The U.S. SPR rose by 0.64 million barrels. . On the product side, gasoline stocks dropped by 1.61 million barrels. Diesel stocks dropped by 3.31 million barrels.
Total products supplied were 20.4 million barrels, up 16.2% versus last year. Imports were higher by 536,000 barrels. Exports were higher by 508,000 barrels per day.
U.S. oil production was 13.4 million barrels, up 0.8%.
