US Crude Inventories And Fuel Stocks Decline
US crude inventories declined for a third consecutive week alongside a drop in fuel stocks, according to Quantum Commodity Intelligence.
Update (Oct 20, 22:40 UTC): A private inventory survey reported a headline crude oil draw that came in greater than expected.
According to Quantum Commodity Intelligence, United States crude inventories declined for a third consecutive week while fuel stocks also experienced a drop.
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Inventory Levels
The latest figures indicate a continued drawdown in domestic petroleum supplies, marking three straight weeks of falling crude inventories alongside shrinking fuel stockpiles.
Key facts
- US crude inventories declined for a third consecutive week, according to Quantum Commodity Intelligence
- Fuel stocks dropped alongside the reduction in crude supplies
Source: news.google.com
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