US oil reserves fall to their lowest level since January 1987

The US Energy Information Administration said Wednesday that crude stocks in the United States’ Strategic Petroleum Reserve fell to a record low last week, and government agency data showed that crude stocks in petroleum reserves fell by 7.7 million barrels for the week ending June 10 to 511.61 million. barrels, the lowest since January 1987.

The US Energy Information Administration said on Wednesday that US oil and distillate inventories rose last week, while gasoline stocks fell.

The government agency’s data showed that US refiners’ consumption of crude fell by 67,000 barrels per day last week, with refinery operating rates falling 0.5 percentage points, and Energy Information Administration data showed that US gasoline stocks fell by 700,000 barrels to 217.5 million barrels, while it was expected that Rise 1.1 million barrels, distillate stocks, which include diesel and heating oil, increased by 700,000 barrels to 109.7 million barrels, versus expectations for an increase of 300,000 barrels, and net US crude oil imports decreased over the past week by 662,000 barrels per day to 3.26 million barrels per day.

(Reuters)

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