Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Crude oil supplies drop in U.S.

|
|
 
  
Published: May 29, 2008 at 10:58 AM
Advertisement

WASHINGTON, May 29 (UPI) -- U.S. crude oil inventories declined by 8.8 million barrels in the week ending May 23, the U.S. Energy Information Administration said Thursday.

Crude inventories dropped to 311.6 million barrels and are in the lower half of the average range for this time of year, the report said.

Delays in tanker off-loading in the Gulf Coast contributed to the decline, the report said.

Motor gasoline inventories, down 3.2 million barrels in the week, are at the lower limit of their average range. Finished gasoline inventories were unchanged, while gasoline blending components declined.

Distillate fuel inventories, which includes heating oil, increased by 1.6 million barrels to a current supply of 109.4 million barrels.

© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
The making of the Oscars The Chicago Auto Show The Tibetan Moniam Festival in China
Additional Business News Stories
1 of 30
Valentine's Day Ramallah, West Bank
View Caption
fark
"No, your honor. It's just a social club. That hangs out in the woods. With high powered rifles....
New SI swimsuit cover girl is Republican congressman's niece
Can't sleep. Must eat Pope in woods. And wear his hat. Or something
What booty calls, prostitutes, cigars, the Village People have in common? They are all things FBI...
Remembering the first USAAF casualty in WW2: a nude-sunbathing, polo-playing risk-taker who once...
The government didn't regulate banks, and the economy fell. If the government decides to regulate...