AI Summary
Oil tanks
US Crude oil inventories rose in the week ended Feb. 6, contrary to expectations of a decline, according to a report released by the Energy Information Administration (EIA).
|
US Crude & Derivatives Inventories (mln barrels) |
|||||
|
Item |
Last Year |
Last Week |
Current |
Weekly Change |
Forecasts |
|
Crude Oil |
427.9 |
420.3 |
428.8 |
+8.5 |
(0.4) |
|
Gasoline |
248.1 |
257.9 |
259.1 |
+1.2 |
+0.3 |
|
Distillates |
118.6 |
127.4 |
124.7 |
(2.7) |
(2.1) |
This may indicate a relative weakness in demand from US refineries, particularly as crude output recovered following the winter storm that disrupted some supplies last month.
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