Oil tanks
US Crude oil inventories rose in the week ended April 17, against expectations of a decrease by one million 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
443.1
463.8
465.7
+1.9%
Gasoline
229.5
232.9
228.4
(4.6)
Distillates
106.9
111.6
108.1
(3.4)
What does this mean?The rise in oil inventories shows a relative weakness in refinery demand, amid high prices due to the US war on Iran. Meanwhile, the decline in gasoline and distillates inventories reflects continued strong demand for fuel as the summer vacationing seasons nears.
Oil tanks
US Crude oil inventories rose in the week ended April 17, against expectations of a decrease by one million 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
443.1
463.8
465.7
+1.9%
Gasoline
229.5
232.9
228.4
(4.6)
Distillates
106.9
111.6
108.1
(3.4)
What does this mean?The rise in oil inventories shows a relative weakness in refinery demand, amid high prices due to the US war on Iran. Meanwhile, the decline in gasoline and distillates inventories reflects continued strong demand for fuel as the summer vacationing seasons nears.
