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US Energy Information Data released by the U.S. Department of Energy on Wednesday (July 2) showed that U.S. crude oil inventories fell by 20,000 barrels in the week of July 2019, while refined oil inventories fell by 10,000 barrels. After the data was released, oil prices fell sharply after a short-term rise, falling to the lower level before the data was released.
Specific data showed that U.S. crude oil inventories unexpectedly decreased by . Refined oil inventories unexpectedly decreased by 10,000 barrels, and were expected to increase by 10,000 barrels.
The data also showed that crude oil inventories in the Cushing, Oklahoma, area of the United States decreased by . %, expected .%, previous value %.
After the data was released, oil prices rose in the short term. The US dollar touched . As of: , U.S. oil's gains narrowed to .%, quoted at .USD/barrel, and Brent oil's gains narrowed to .%, quoted at .USD/barrel.
In addition, the four-week average supply of U.S. crude oil products was . Last week, U.S. domestic crude oil production decreased by 0.000 barrels to 0.000 barrels per day
Commercial crude oil inventories in strategic reserves decreased by 0.000 barrels to .000 million barrels, a decrease of .%.
In addition, the extended demand data for crude oil production in the United States for the week of January and Sunday was 0.000 barrels/day, and the previous value was 0.000 barrels/day for automobiles
The extended demand data for total oil production was 0.000 barrels/day. , the previous value was 0.000 barrels/day, and the extended demand data for distillate fuel production was 0.000 barrels/day, and the previous value was 0.000 barrels/day.
The American Petroleum Institute () Wednesday (June, Beijing time): released data showing that U.S. crude oil inventories fell by 10,000 barrels in the week of March, expected to increase by 10,000 barrels, and the previous value decreased by 10,000 barrels. Gasoline inventories unexpectedly decreased Ten thousand barrels, expected to increase by ten thousand barrels, the previous value decreased
Ten thousand barrels of refined oil inventories decreased by ten thousand barrels, expected to decrease by ten thousand barrels, while the previous value increased by ten thousand barrels. In addition, crude oil inventories in the Cushing region of the United States decreased by 0.0 million barrels in the week ending March 1, and are expected to increase by 0.0 million barrels from the previous value.
Crude oil inventory data is released regularly by the Energy Information Administration (EIA) under the U.S. Department of Energy on a weekly basis, tracking the increase or decrease in the number of barrels of commercial
crude oil stored by U.S. companies in the previous week. The level of inventories affects the price of petroleum products and has an impact on inflation and other economic forces, so this data is widely watched.
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