US oil inventories rise less than expected

11/09/2024 Argaam
Oil tanks

Oil tanks

Crude oil inventories in the US rose less than expected in the week ended Sept. 6, according to a report released by the Energy Information Administration (EIA).

 

Crude oil inventories increased 800,000 barrels last week, compared to expectations for a rise of about 900,000 barrels.

 

Gasoline stocks increased by 2.3 million barrels, with distillate fuel inventories rising by nearly the same volume.

 

US Crude & Derivatives Inventories (mln barrels)

Item

Last Year

Last Week

Current

Weekly Change

Crude Oil  

420.6

418.3

419.1

+0.8

Gasoline  

220.3

219.2

221.6

+2.3

Distillates  

122.5

122.7

125.0

+2.3

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