‎US oil inventories rise for first time in 6 weeks

‎US oil inventories rise for first time in 6 weeks ‎US oil inventories rise for first time in 6 weeks

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Oil storage tanks

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Commercial crude oil inventories rose in the United States during the week ended Nov. 6, according to data released Thursday by the Energy Information Administration (EIA).

The data showed inventories climbed for the first time in six weeks, increasing by 4.7 million barrels, contrary to estimates that had forecast a decline of 700,000 barrels.

The data was released on Thursday instead of the usual Wednesday schedule, due to the US Veterans Day public holiday, which fell on Nov. 11.

US crude and product inventories (million barrels)

Item

One year ago

One week ago

Current

Weekly change

Crude oil

427.6

409.8

414.4

+4.7

Gasoline

205.1

209.0

210.8

+1.8

Distillates

110.9

99.3

103.3

+4.1

 

‎

Oil storage tanks

Commercial crude oil inventories rose in the United States during the week ended Nov. 6, according to data released Thursday by the Energy Information Administration (EIA).

The data showed inventories climbed for the first time in six weeks, increasing by 4.7 million barrels, contrary to estimates that had forecast a decline of 700,000 barrels.

The data was released on Thursday instead of the usual Wednesday schedule, due to the US Veterans Day public holiday, which fell on Nov. 11.

US crude and product inventories (million barrels)

Item

One year ago

One week ago

Current

Weekly change

Crude oil

427.6

409.8

414.4

+4.7

Gasoline

205.1

209.0

210.8

+1.8

Distillates

110.9

99.3

103.3

+4.1

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