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
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

