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US Crude Oil Stocks Fall By 6.4 Million Barrels From Previous Week, EIA Reports
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US Crude Oil Stocks Fall By 6.4 Million Barrels From Previous Week, EIA Reports
Apr 25, 2024 2:19 AM

05:10 AM EDT, 04/25/2024 (MT Newswires) -- US crude oil inventories fell by 6.4 million barrels to 453.6 million barrels in the week ended April 19, the U.S. Energy Information Administration said in its weekly petroleum report released on Wednesday.

Crude oil production held steady week over week at 13.1 million barrels per day (b/d), the EIA said. Crude oil imports fell by 51,000 b/d to 6.5 million b/d, while crude oil exports grew 250,000 b/d to 4.2 million b/d.

Total gasoline stocks decreased by 700,000 barrels to 226.7 million barrels. Meanwhile, distillate stocks rose by 1.6 million barrels to 116.6 million barrels.

Brent crude edged 0.5% higher to US$88.47 per barrel and West Texas Intermediate crude gained 0.5% to US$83.23 per barrel at last look early on Thursday.

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