US oil inventories rise by above 5M barrels

23/10/2024 Argaam
Oil tanks

Oil tanks


Crude oil inventories in the US rose more than expected in the week ended Oct. 18, according to a report released by the Energy Information Administration (EIA).


Crude oil inventories increased by about 5.5 million barrels last week, compared to expectations for a rise of about 900,000 barrels.


Gasoline stocks increased by 900,000 barrels, while distillate fuel inventories were down by nearly 1.1 million barrels.

 

US Crude & Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil  

421.1

420.5

426.0

+5.5

Gasoline  

223.5

212.7

213.6

+0.9

Distillates  

112.1

115.0

113.8

(1.1)

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