‎US oil inventories add 3.9M barrels

‎US oil inventories add 3.9M barrels ‎US oil inventories add 3.9M barrels

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Oil tanks

US crude oil inventories grew for the second straight week, signaling slower energy consumption in the US.

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According to a report released by the Energy Information Administration (EIA), crude oil inventories gained three million barrels in the Sept. 5-ended week to 424.6 million in total.

This came against expectations of a 1.9-million-barrel drop.

Likewise, gasoline stocks advanced by 1.5 million barrels, with distillate stocks, which includes diesel and heating oil, also up by 4.7 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

419.1

420.7

424.6

+3.9

Gasoline

221.6

218.5

220

+1.5

Distillates

125

115.9

120.6

+4.7

 

Oil tanks

US crude oil inventories grew for the second straight week, signaling slower energy consumption in the US.

According to a report released by the Energy Information Administration (EIA), crude oil inventories gained three million barrels in the Sept. 5-ended week to 424.6 million in total.

This came against expectations of a 1.9-million-barrel drop.

Likewise, gasoline stocks advanced by 1.5 million barrels, with distillate stocks, which includes diesel and heating oil, also up by 4.7 million barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

419.1

420.7

424.6

+3.9

Gasoline

221.6

218.5

220

+1.5

Distillates

125

115.9

120.6

+4.7

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