US oil inventories rise 1.9M barrels last week

22/04/2026 Argaam
Oil tanks

Oil tanks

US Crude oil inventories rose in the week ended April 17, against expectations of a decrease by one million barrels, 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

Crude Oil

443.1

463.8

465.7

+1.9%

Gasoline

229.5

232.9

228.4

(4.6)

Distillates

106.9

111.6

108.1

(3.4)
 

What does this mean? The rise in oil inventories shows a relative weakness in refinery demand, amid high prices due to the US war on Iran. Meanwhile, the decline in gasoline and distillates inventories reflects continued strong demand for fuel as the summer vacationing seasons nears.

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