‎US crude inventories rise 6.4M barrels

‎US crude inventories rise 6.4M barrels ‎US crude inventories rise 6.4M barrels

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Oil tanks

US crude oil inventories increased during the week ended Nov. 7, marking the second consecutive weekly high and signaling weakening fuel demand.

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Commercial crude stockpiles rose by 6.4 million barrels last week, far exceeding expectations of a 400,000-barrel increase, data released Thursday by the Energy Information Administration (EIA) showed.

Meanwhile, gasoline inventories fell by 900,000 barrels, and distillate stocks — including diesel and heating oil — declined by 600,000 barrels.

US Crude and Refined Product Inventories (mln barrels)

Category

Year Ago

Previous Week

Current

Weekly Change

Crude Oil

429.7

421.2

427.6

+6.4

Gasoline

206.9

206.0

205.1

(0.9)

Distillates

114.4

111.5

110.9

(0.6)

 

Oil tanks

US crude oil inventories increased during the week ended Nov. 7, marking the second consecutive weekly high and signaling weakening fuel demand.

Commercial crude stockpiles rose by 6.4 million barrels last week, far exceeding expectations of a 400,000-barrel increase, data released Thursday by the Energy Information Administration (EIA) showed.

Meanwhile, gasoline inventories fell by 900,000 barrels, and distillate stocks — including diesel and heating oil — declined by 600,000 barrels.

US Crude and Refined Product Inventories (mln barrels)

Category

Year Ago

Previous Week

Current

Weekly Change

Crude Oil

429.7

421.2

427.6

+6.4

Gasoline

206.9

206.0

205.1

(0.9)

Distillates

114.4

111.5

110.9

(0.6)

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