Aditya Birla
Aditya Birla Money Limited
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Commodity News
Energy Preview: US Crude Oil Inventories Drop
12-September-2019 [09:44]

US crude oil inventories eased during the week ending September 6, the US Energy Information Administration (EIA) said in a report on Wednesday. According to the Weekly Petroleum Status Report, US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 6.9 million barrels from the previous week. At 416.1 million barrels, US crude oil inventories were about 2% below the five-year average for this time of year.
According to the EIA, total motor gasoline inventories decreased by 0.7 million barrels last week and were about 3% above the five-year average for this time of year. Distillate fuel inventories increased by 2.7 million barrels last week and were about 6% below the five-year average for this time of year. Total commercial petroleum inventories decreased last week by 3.1 million barrels last week.

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Securities Broking is through Aditya Birla Money Limited: SEBI Registration No. NSE/BSE/MCX/NCDEX:INZ000172636 ; NSDL /CDSL: IN-DP-17-2015. PMS - INP 000003757, Research Analyst –INH000002145, Investment Adviser - INA000009214. Central Insurance Repository Limited: IRDA/IR2/2014/312. Investments in securities market are subject to market risks, read all the related documents carefully before investing. Please read the risk disclosure document, rights and obligations, guidance note, Do’s and Don’ts and policies and procedure carefully before making any investment decision. Brokerage will not exceed the SEBI prescribed limit. Margins as prescribed by Exchange / SEBI will be applicable.
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