‎US oil inventories add 5.2M barrels last week

‎US oil inventories add 5.2M barrels last week ‎US oil inventories add 5.2M barrels last week

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Oil tanks

US crude oil inventories increased in the week ended Oct. 31, after declining during the previous two weeks.

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Commercial crude inventories rose by 5.2 million barrels, compared to Wall Street Journal’s expectations for a decrease by 100,000 barrels, according to data released by the Energy Information Administration (EIA) on Wednesday.

Meanwhile, gasoline inventories declined by 4.7 million barrels, with distillate stocks—including diesel and heating oil—decreasing by 600,000 barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

427.7

416.0

421.2

+5.2

Gasoline

211.3

210.7

206.0

(4.7)

Distillates

115.8

112.2

111.5

(0.6)

 

Oil tanks

US crude oil inventories increased in the week ended Oct. 31, after declining during the previous two weeks.

Commercial crude inventories rose by 5.2 million barrels, compared to Wall Street Journal’s expectations for a decrease by 100,000 barrels, according to data released by the Energy Information Administration (EIA) on Wednesday.

Meanwhile, gasoline inventories declined by 4.7 million barrels, with distillate stocks—including diesel and heating oil—decreasing by 600,000 barrels.

US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

427.7

416.0

421.2

+5.2

Gasoline

211.3

210.7

206.0

(4.7)

Distillates

115.8

112.2

111.5

(0.6)

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