US oil inventories increase against forecasts

22/05/2024 Argaam
Oil tanks

Oil tanks


US crude oil inventories added 1.8 million barrels in the week ended May 17, against expectations for a 2.4-million-barrel pullback, data released by the Energy Information Administration (EIA) showed.

 

Gasoline stocks, on the other hand, shed nearly 900,000 barrels, while distillate stocks, which include diesel and heating oil, added almost 400,000 barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Type

Last Year

Last Week

Current

Weekly Change

Crude oil

455.2

457.0

458.8

+1.8

Gasoline

216.3

227.8

226.8

(0.9)

Distillates

105.7

116.4

116.7

+0.4

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