US Commercial Crude Oil Inventories Decline to 424.5 Million Barrels
Commercial crude oil stockpiles across the United States registered a week-on-week decrease, according to the latest figures from the Energy Information Administration.
Commercial crude oil inventories in the United States recorded a decrease on a week-on-week basis, according to the latest government data tracking nationwide storage volumes.
Figures published in the Energy Information Administration's recent weekly petroleum status report revealed that non-emergency domestic inventories stood at 424.5 million barrels as of August 28.
The inventory total released by the agency reflects commercial crude oil held across the country and excludes volumes maintained in the Strategic Petroleum Reserve.
The decline in commercial holdings was documented as part of the official statistical monitoring conducted regularly by the Energy Information Administration.
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