Oil tanks
US Crude oil inventories rose in the week ended April 3, beating expectations of an increase by 600,000 barrels, according to a report released by the Energy Information Administration (EIA). 
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
442.3
461.6
464.7
+3.1
Gasoline
236.0
240.9
239.3
(1.6)
Distillates
111.1
117.8
114.7
(3.1)
What does this mean?The increase in crude inventories indicates weak demand in the United States, amid the repercussions of the US war on Iran, which has driven oil prices higher, increasing fuel costs for companies and consumers.
Oil tanks
US Crude oil inventories rose in the week ended April 3, beating expectations of an increase by 600,000 barrels, according to a report released by the Energy Information Administration (EIA).
US Crude Derivatives Inventories (mln barrels)
Item
Last Year
Last Week
Current
Weekly Change
Crude Oil
442.3
461.6
464.7
+3.1
Gasoline
236.0
240.9
239.3
(1.6)
Distillates
111.1
117.8
114.7
(3.1)
What does this mean?The increase in crude inventories indicates weak demand in the United States, amid the repercussions of the US war on Iran, which has driven oil prices higher, increasing fuel costs for companies and consumers.
