Sunday, October 24, 2021

U.S. Oil Inventories Rose by 3.626 Million Barrels: EIA

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imageCommodities29 minutes ago (Aug 04, 2021 10:40AM ET)

(C) Reuters.

By Noreen Burke

Investing.com — U.S. crude inventories unexpectedly rose in the latest week the Energy Information Administration said on Wednesday.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 3.626 million barrels in the week to July 20 to 439.2 million barrels, compared with analysts’ expectations for a 3.102 million-barrel drawdown.

Distillate stockpiles, which include diesel and heating oil, rose 0.833 million barrels in the week against expectations for a 0.543 million barrel drop, the EIA data showed.

Refinery crude runs rose 0.045 million barrels per day in the last week, EIA said. The weekly refinery utilization rate rose 0.2%, according to the report.

U.S. gasoline inventories fell by 5.292 million barrels last week, the EIA said, compared with expectations for a 1.780 million-barrel draw.

U.S. Oil Inventories Rose by 3.626 Million Barrels: EIA

Oil prices fall as Delta variant spread weighs

Oil prices fall as Delta variant spread weighs
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By Ahmad Ghaddar LONDON (Reuters) -Oil prices fell sharply to a two-week low on Wednesday as the spread of the coronavirus Delta variant in top consuming countries outweighed the…

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