US oil stocks fall by more than 3 million barrels, reveals DoE

Oil stocks in the United States fell 3.327 million barrels to 441.686 million barrels in the week ending May 22, the DoE (Department of Energy) reported this Thursday (28). Analysts consulted by The Wall Street Journal projected a drop of 4.0 million in the period.

Gasoline stocks fell 2.572 million barrels, to 211.591 million barrels, compared to expectations of a drop of 2.2 million.

Distillate stocks fell by 2.107 million barrels, to 100.799 million barrels, compared to a projected drop of 1.1 million.

The refinery capacity utilization rate rose from 91.6% to 94.5%, above the projected increase of 92.4%.

Oil inventories at the Cushing distribution center fell 2.794 million barrels to 23.024 million barrels. Average daily oil production rose to 13.715 million barrels during the week.

Source: Dow Jones Newswires.

*Content translated with the help of Artificial Intelligence, reviewed and edited by the Broadcast editorial team, Grupo Estado's real-time news system.

US economy appears resilient over time, says expert | MONEY NEWS

Oil spike: See measures that countries are taking to combat prices

Source: CNN