AI Summary
Oil tanks
US crude oil inventories increased in the week ended March 27, above forecasts of a 814,000-barrel rise, according to a report released by the Energy Information Administration (EIA). Stocks at the Cushing, Oklahoma hub also climbed by around 520,000 barrels, while refinery runs fell by 219,000 barrels per day.
|
US Crude & Derivatives Inventories (mln barrels) |
||||
|
Item |
Last Year |
Last Week |
Current |
Weekly Change |
|
Crude Oil |
439.8 |
456.2 |
461.6 |
+5.5 |
|
Gasoline |
237.6 |
241.4 |
240.9 |
(0.6) |
|
Distillates |
114.6 |
119.9 |
117.8 |
(2.1) |
This may indicate a continued weak demand for the US crude during the week, which led to increased inventories.
Be the first to comment
Comments Analysis: