US oil inventories rise by 500,000 barrels

20/11/2024 Argaam
Oil tanks

Oil tanks


US crude oil inventories rose against forecasts in the week ended Nov. 15, according to a report released by the Energy Information Administration (EIA).


Crude oil inventories added 500,000 barrels last week, versus the Wall Street survey expectations of an 800,000-barrel decrease.


Gasoline stocks increased by 2.1 million barrels, contrary to projections of a 200,000-barrel drop. Meanwhile, distillate stocks, including diesel and heating oil, lost nearly 100,000 barrels, above estimates of a 400,000-barrel slump.

 

US Crude & Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil  

448.1

429.7

430.3

+0.5

Gasoline  

216.4

206.9

208.9

+2.1

Distillates  

105.6

114.4

114.3

(0.1)

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