Financial News: U.S. Crude Oil Inventories Fall More Than Expected

U.S. Crude Oil Inventories Fall More Than Expected

07/23/2025 - 10:40:00 (RTTNews)

(RTTNews) - Crude oil inventories in the U.S. decreased by more than expected in the week ended July 18th, according to a report released by the Energy Information Administration on Wednesday.

The EIA said crude oil inventories fell by 3.2 million barrels last week after declining by 3.9 million barrels in the previous week. Economists had expected crude oil inventories to dip by 1.4 million barrels.

At 419 million barrels, U.S. crude oil inventories are about 9 percent below the five-year average for this time of year, the EIA said.

The report said gasoline inventories also decreased by 1.7 million barrels last week but are slightly above the five-year average for this time of year.

Meanwhile, the EIA said distillate fuel inventories, which include heating oil and diesel, increased by 2.9 million barrels last week but are about 19 percent below the five-year average for this time of year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

South Korea GDP Data Due On Thursday (03 min(s), 43 sec(s) ago)
(RTTNews) - South Korea will on Thursday release preliminary Q2 figures for gross domestic product ...Full Story»

Twenty-Year Bond Auction Attracts Strong Demand (04 hr(s), 56 min(s), 43 sec(s) ago)
(RTTNews) - The Treasury Department on Wednesday announced the results of this month's auction ...Full Story»

Denmark Consumer Confidence Weakens Slightly (06 hr(s), 03 min(s), 43 sec(s) ago)
(RTTNews) - Pessimism among Danish consumers worsened increased somewhat in July after a strong de ...Full Story»

U.S. Crude Oil Inventories Fall More Than Expected (07 hr(s), 25 min(s), 43 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. decreased by more than expected in the week ended Ju ...Full Story»

U.S. Existing Home Sales Slump To Nine-Month Low In June (07 hr(s), 42 min(s), 43 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Wednesday showed existing ...Full Story»

South Africa Inflation At 4-Month High (11 hr(s), 16 min(s), 43 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation accelerated to a four-month high in June, ...Full Story»

Singapore Inflation Steady At 0.8% (13 hr(s), 50 min(s), 43 sec(s) ago)
(RTTNews) - Singapore's consumer prices logged a steady growth in June, official data revealed ...Full Story»

Sri Lanka Central Bank Holds Policy Rate (14 hr(s), 07 min(s), 43 sec(s) ago)
(RTTNews) - Sri Lanka's central bank maintained its interest rate on Wednesday amid intensifyi ...Full Story»