US oil inventories rise 1.6 mln barrels last week

29/11/2023 Argaam
Oil tanks

Oil tanks


US crude oil inventories increased more than forecasts for the week ended Nov. 24. Gasoline inventories and distillate stocks also rose during the same period, data from the US Energy Information Administration (EIA) showed.


Crude oil stocks added 1.6 million barrels by the end of the week, versus expectations of a 900,000 barrels increase.


Last week, the US gasoline stocks rose 1.8 million barrels, while distillate stocks were up by about 5.2 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Period

Last Year

Last Week

Current

Weekly Change

Crude Oil  

419.1

448.1

449.7

+1.6

Gasoline  

213.8

216.4

218.2

+1.8

Distillates  

112.6

105.6

110.8

+5.2

 

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