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US oil stocks fell by 6.9 million barrels
image 8 July، 2021
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Crude oil inventories in the United States of America decreased in the last week ending on July 2, according to the report issued by the US Energy Information Administration on Thursday, by 6.9 million barrels, to reach 445.5 million barrels, while expectations indicated a decline of about 4 million barrels, compared According to the report of the American Petroleum Institute issued yesterday, Wednesday, which showed a decline of about 7.9 million barrels.
In details, gasoline stocks fell by 6.1 million barrels, compared to expectations that indicated a decline of 1.63 million barrels, while distillate stocks, which include heating fuel and diesel, rose by about 1.6 million barrels. The average imports of crude in the United States of America 5.9 million barrels, a decrease of about 0.5 million barrels compared to the previous week.
Crude recorded some increases after announcing the inventories statement, as Brent crude rose by about 0.7%, to trade at levels of $73.48 a barrel, after it was down by about 0.40%, while the American crude (NYMEX) recorded declines by about 0.16% and is trading at levels of $72.08 a barrel.

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