Government agency: US oil stocks fell more than expected

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The government agency said that raw stocks It fell 4.5 million barrels for the week ending July 22 to 422.1 million, while analysts polled by Archyde.com had expected a drop of 1 million barrels.

This decline is due in large part to a jump in crude exports, which hit a record 4.5 million barrels per day last week.

And production went up American oil To 12.1 million barrels per day after two weeks of declines, up 200,000 barrels per day, the largest weekly increase since December 2021.

rise raw stock At the delivery center in Cushing, 751,000 barrels last week.

consumption decreased American refineries Crude oil increased by 292,000 barrels per day, with operating rates declining by 1.5 percentage points.

Gasoline stocks fell 3.3 million barrels over the past week to 225.1 million barrels, while analysts had expected a decline of 0.9 million barrels.

and fell Distillate stockswhich includes diesel and heating oil, 784,000 barrels over the course of the week to 111.7 million barrels.

confirmed Energy Information Management The net US imports of crude oil last week decreased by 1.14 million barrels per day to 1.62 million barrels per day.

and elevation oil prices Following the publication of Energy Information Administration data, US crude jumped 2.4 percent to $ 97.27 a barrel by 1609 GMT, while Brent crude rose 2.1 percent to $ 106.62 a barrel.

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The government agency said that raw stocks It fell 4.5 million barrels for the week ending July 22 to 422.1 million, while analysts polled by Archyde.com had expected a drop of 1 million barrels.

This decline is due in large part to a jump in crude exports, which hit a record 4.5 million barrels per day last week.

And production went up American oil To 12.1 million barrels per day after two weeks of declines, up 200,000 barrels per day, the largest weekly increase since December 2021.

rise raw stock At the delivery center in Cushing, 751,000 barrels last week.

consumption decreased American refineries Crude oil increased by 292,000 barrels per day, with operating rates declining by 1.5 percentage points.

Gasoline stocks fell 3.3 million barrels over the past week to 225.1 million barrels, while analysts had expected a decline of 0.9 million barrels.

and fell Distillate stockswhich includes diesel and heating oil, 784,000 barrels over the course of the week to 111.7 million barrels.

confirmed Energy Information Management The net US imports of crude oil last week decreased by 1.14 million barrels per day to 1.62 million barrels per day.

and elevation oil prices Following the publication of Energy Information Administration data, US crude jumped 2.4 percent to $ 97.27 a barrel by 1609 GMT, while Brent crude rose 2.1 percent to $ 106.62 a barrel.

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