Oil tanks
US crude oil inventories increased more than expected during the week ended March 7.
Data from the US Energy Information Administration (EIA) released today, March 12, showed that commercial crude oil inventories gained 1.4 million barrels last week, exceeding expectations of a 1.2-million-barrel hike.
Meanwhile, gasoline stocks declined by 5.7 million barrels, with distillate stockpiles – including diesel and heating oil – also down by 1.6 million barrels.
US Crude Oil & Petroleum Product Inventories (mln barrels)
Item
Last Year
Last Week
Current Week
Weekly Change
Crude Oil
447.0
433.8
435.2
+1.4
Gasoline
234.1
246.8
241.1
(5.7)
Distillates
117.9
119.2
117.6
(1.6)
https://www.argaam.com/en/article/articledetail/id/1796883
