‎US oil inventories rise 8.5M barrels last week

‎US oil inventories rise 8.5M barrels last week ‎US oil inventories rise 8.5M barrels last week

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Oil tanks

US Crude oil inventories rose in the week ended Feb. 6, contrary to expectations of a decline, 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

Forecasts

Crude Oil

427.9

420.3

428.8

+8.5

(0.4)

Gasoline

248.1

257.9

259.1

+1.2

+0.3

Distillates

118.6

127.4

124.7

(2.7)

(2.1)

This may indicate a relative weakness in demand from US refineries, particularly as crude output recovered following the winter storm that disrupted some supplies last month.

 

Oil tanks

US Crude oil inventories rose in the week ended Feb. 6, contrary to expectations of a decline, 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

Forecasts

Crude Oil

427.9

420.3

428.8

+8.5

(0.4)

Gasoline

248.1

257.9

259.1

+1.2

+0.3

Distillates

118.6

127.4

124.7

(2.7)

(2.1)

This may indicate a relative weakness in demand from US refineries, particularly as crude output recovered following the winter storm that disrupted some supplies last month.

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