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Analytics, News, and Forecasts for CFD Markets: raw news — 09-01-2019.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.7 million barrels from the previous week. At 439.7 million barrels, U.S. crude oil inventories are about 8% above the five year average for this time of year.
Total motor gasoline inventories increased by 8.1 million barrels last week and are about 5% above the five year average for this time of year. Finished gasoline inventories decreased while blending components inventories increased last week.
Distillate fuel inventories increased by 10.6 million barrels last week and are about 5% below the five year average for this time of year. Propane/propylene inventories decreased by 1.9 million barrels last week and are about 3% below the five year average for this time of year. Total commercial petroleum inventories increased last week by 13.3 million barrels last week.
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