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Weekly U.S. Oil & Product Storage
Oil Range Bound After Storage Numbers
Jeff Davies
August 14, 2024
Highlights For the Week
Total U.S. commercial oil & products dropped by 3.10 million barrels. U.S. commercial oil stocks rose by 1.36 million barrels. The U.S. SPR rose by 0.69 million barrels. . On the product side, gasoline stocks dropped by 2.89 million barrels. Diesel stocks dropped by 1.67 million barrels.
Total products supplied were 20.5 million barrels, up 16.1% versus last year. Imports were lower by 764,000 barrels. Exports were higher by 6,000 barrels per day.
U.S. oil production was 13.3 million barrels, down 0.7%.
