AI Summary
Oil tanks
Crude oil inventories in the US rose against expectations in the week ended Nov. 1, according to a report released by the Energy Information Administration (EIA).
Crude oil inventories added 2.1 million barrels last week, compared to a Wall Street analysts’ poll that projected inventories to stabilize at last week’s level.
Meanwhile, gasoline stocks were up by 400,000 barrels, against expectations of a 900,000-barrel decline.
Distillate stocks rose by about 2.9 million barrels, lower than forecasts of a 300,000-barrel hike.
|
US Crude & Derivatives Inventories (mln barrels) |
||||
|
Item |
Last Year |
Last Week |
Current |
Weekly Change |
|
Crude Oil |
435.8 |
425.5 |
427.7 |
+2.1 |
|
Gasoline |
217.2 |
210.9 |
211.3 |
+0.4 |
|
Distillates |
108.0 |
112.9 |
115.8 |
+2.9 |
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