Analysis: EIA: Exports Bounce Back, Crude Stocks Drop
7/17 9:28 AM
Analysis: EIA: Exports Bounce Back, Crude Stocks Drop Karim Bastati DTN Analyst U.S. commercial crude oil inventories fell 3.9 million barrels to 422.2 million bbls last week, some 4% below year-ago levels and 8% below the five-year average, as crude oil exports recovered from two consecutive weeks of sub-3-million-bpd flows, Energy Information Administration data revealed on Wednesday. At 2.305 million bpd, exports in the last week of June were at their lowest in more than two years. Exports remained low by historical standards in the following week, rising by only 450,000 bpd. The two-week export lull might have contributed to the surprising surge in crude oil inventories in the first week of July. Exports rebounded to 3.518 in the week ending July 11, up 761,000 bpd week-on-week. Over the past four weeks, however, U.S. crude oil exports have been 21% lower than in the same period last year. The cumulative daily average was trailing year-ago levels by 7.7%. EIA reported gasoline and distillate fuel inventories expanding last week, adding 3.4 million bbls and 4.2 million bbls, respectively. While gasoline inventories were in line with year-ago levels, distillate fuel oil stocks remained tight by historical standards. At 107 million bbls, they were down 16.5% year-on-year and 21% below the five-year average. (c) Copyright 2025 DTN, LLC. All rights reserved.
 
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