Oil tanks
US crude oil inventories grew for the second straight week, signaling slower energy consumption in the US.
According to a report released by the Energy Information Administration (EIA), crude oil inventories gained three million barrels in the Sept. 5-ended week to 424.6 million in total.
This came against expectations of a 1.9-million-barrel drop.
Likewise, gasoline stocks advanced by 1.5 million barrels, with distillate stocks, which includes diesel and heating oil, also up by 4.7 million barrels.
US Crude & Derivatives Inventories (mln barrels) |
||||
Item |
Last Year |
Last Week |
Current |
Weekly Change |
Crude Oil |
419.1 |
420.7 |
424.6 |
+3.9 |
Gasoline |
221.6 |
218.5 |
220 |
+1.5 |
Distillates |
125 |
115.9 |
120.6 |
+4.7 |
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