US reports monthly decline in demand for gasoline, distillates
4/5/2016 12:00:00 AM
April 4 (Reuters) -- US oil demand dropped in January from a year earlier, as demand for gasoline and distillates products weakened, according to data released on Monday by the US Energy Information Administration.
Total US oil demand fell 194,000 bpd, or 1% from the same month last year, to 19.05 million bpd, EIA data showed.
US distillate demand, which was pummeled by a historically mild winter, fell 9.9% from January last year, as warmer weather cut demand for heating oil.
US gasoline demand, which has seen sustained strength amid lower pump prices, fell in January by 0.6%, or 48,000 bpd, year-on-year.
The January drop in overall oil demand comes on the heels of a strong December. At 19.5 million bpd, December demand rose 0.4%, the first year-on-year rise in four months.
(Reporting by Jarrett Renshaw; Editing by Marguerita Choy)
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