U.S. Crude Oil Inventories Decrease More Than Expected
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2024
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Should l Buy ?
Source: Business Insider
Crude Oil Inventory Decrease: U.S. crude oil inventories fell by 1.4 million barrels for the week ending December 6th, following a decrease of 5.1 million barrels the previous week, and are currently about 6% below the five-year average.
Gasoline and Distillate Inventories: Gasoline inventories increased by 5.1 million barrels, while distillate fuel inventories rose by 3.2 million barrels; both remain approximately 4% below their respective five-year averages for this time of year.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
