US Oil Product Inventories Continue to Fall | EN590 Commodities
EN590 Commodities GroupCrude Oil August 05, 2026
India Weighs Gas Levy to Bankroll $42 Billion Fuel Reserve Plan Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector. Her… Crude oil inventories in the United States saw an increase of 2.5 million barrels during the week ending July 31, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 407 million barrels, according to government data, which are now 6% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories had risenby 2.69 million barrelsin the period. Crude futures crept up in early morning tr
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