‎US oil inventories rise 6.9M barrels last week

‎US oil inventories rise 6.9M barrels last week ‎US oil inventories rise 6.9M barrels last week

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Oil tanks

US Crude oil inventories rose in the week ended March 20, contrary to expectations of a decline by 200,000 barrels, according to a report released by the Energy Information Administration (EIA).

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US Crude Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil

433.6

449.3

456.2

+6.9

Gasoline

239.1

244.0

241.4

(2.6)

Distillates

114.8

116.9

119.9

+3.0

This may indicate a continued weak demand for the US crude during the week, which led to increased inventories.

 

Oil tanks

US Crude oil inventories rose in the week ended March 20, contrary to expectations of a decline by 200,000 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

433.6

449.3

456.2

+6.9

Gasoline

239.1

244.0

241.4

(2.6)

Distillates

114.8

116.9

119.9

+3.0

This may indicate a continued weak demand for the US crude during the week, which led to increased inventories.

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