US oil inventories dropped -9.9m barrels, WTI extending sideway consolidation

<p>US commercial crude oil inventories dropped -9.9 million barrels in the week ending January 22. At 476.7 millions, oil inventories are about 5% above the five year average for this time of year. Gasoline inventories rose 2.5 million barrels. Distillate dropped -0.8 millions barrels. Propane/propylene inventories dropped -2.2 million barrels. Total commercial petroleum inventories dropped [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/356177-us-oil-inventories-dropped-9-9m-barrels-wti-extending-sideway-consolidation/">US oil inventories dropped -9.9m barrels, WTI extending sideway consolidation</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>