USA: drop in oil and gasoline stocks


(CercleFinance.com) – US inventories of both crude oil and gasoline fell last week, the US Energy Information Agency (EIA) announced today.

Crude stocks fell by 5.1 million barrels to 414.7 million barrels, while gasoline stocks fell by around 700,000 barrels.

Reserves of distilled products, which include heating oil, for their part fell by 500,000 barrels.

The refinery capacity utilization rate fell slightly to 92.6% from 93.2% the previous week.

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