US crude inventories rose more than expected - EIA
Economies.com
2019-12-11 15:49PM UTC
The US Energy Information Administration (EIA) showed today that the US crude inventories rose by 800K barrels to reach a total of 447.9 million barrels during last week, beating forecasts of a rise by 2.8 million barrels.
The gasoline stockpiles rose by 5.4 million barrels to a total of 233.8 million barrels, and distillate stockpiles rose by 4.1 million barrels with a total of 123.6 million barrels.
The American Petroleum Institute (API) showed yesterday in preliminary data that the US commercial crude inventories rose by about 1.4 million barrels during same period.
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