Advertisement
Singapore markets close in 6 hours 5 minutes
  • Straits Times Index

    3,162.10
    -25.56 (-0.80%)
     
  • Nikkei

    36,818.81
    -1,260.89 (-3.31%)
     
  • Hang Seng

    16,152.18
    -233.69 (-1.43%)
     
  • FTSE 100

    7,877.05
    +29.06 (+0.37%)
     
  • Bitcoin USD

    60,547.00
    -1,075.23 (-1.74%)
     
  • CMC Crypto 200

    1,242.90
    +357.36 (+37.46%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • Dow

    37,775.38
    +22.07 (+0.06%)
     
  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     
  • Gold

    2,415.80
    +17.80 (+0.74%)
     
  • Crude Oil

    85.98
    +3.25 (+3.93%)
     
  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     
  • FTSE Bursa Malaysia

    1,546.93
    +2.17 (+0.14%)
     
  • Jakarta Composite Index

    7,060.82
    -105.99 (-1.48%)
     
  • PSE Index

    6,459.62
    -63.57 (-0.97%)
     

US Crude Oil Inventories Are 2% below Their Five-Year Average

US Crude Oil Inventories Are 2% below Their Five-Year Average

Yesterday, the EIA (U.S. Energy Information Administration) released its oil inventory report. It reported that US crude oil inventories increased by 5.8 MMbbls (million barrels) to 411 MMbbls between July 6 and 13, but fell by ~80 MMbbls (16.2%) YoY (year-over-year). A Reuters survey had earlier estimated that US crude oil inventories fell 3.6 MMbbls last week.