Crude oil stocks decline

Published: July 15, 2009 at 3:56 PM

WASHINGTON, July 15 (UPI) -- U.S. crude oil inventories dropped by 2.8 million barrels in the week ending July 10, the U.S. Energy Information Administration said Wednesday.

Crude inventories fell from 347.3 million barrels to 344.5 million barrels, during a week but remain above the upper boundary of the average range for this week of the year, EIA said.

Gasoline inventories rose by 1.5 million barrels to 214.6 million barrels, reaching into the upper half of the average range.

Supplies of distillate fuels, which includes heating oil, rose by 0.6 million barrels to 159.3 million barrels.

Finished gasoline inventories fell in the week while gasoline blending components inventories increased, EIA reported.

Demand for gasoline over the past four weeks is 0.6 percent higher than demand during the same period a year ago. Distillate fuel demand has dropped 11.7 percent in the past four weeks compared to a year ago. Jet fuel demand is also down, off 12.3 percent from a year ago, the report said.

© 2009 United Press International, Inc. All Rights Reserved.
Order reprints



Additional News Stories
Your Daily Horoscope (9 min)
The almanac (39 min)
What makes holidays special can kill pets
NHL: Chicago 7, San Jose 2
NBA: Portland 93, New Jersey 83
NBA: Sacramento 111, New York 97
COL BKB: Kentucky 73, Stanford 65 (OT)
fark
Burger King unveils 1000 calorie monster burger. Just looking at it is enough to give you a heart...
Red headed children kicked and punched at California middle school. Why would someone make the ginger...
The six most horrific lessons ever taught in elementary school
Thirty-two percent of American men are obviously watching Alton Brown more than the Dallas Cowboys...
Old and Busted: Crashing a wedding reception. New Hotness: Crashing Obama's first State Dinner
Truthers won't be getting much sleep this week after Wikileaks posts 573,000 pager messages from...