EIA Shows Crude Oil Inventories Still Rising
4 Articles
4 Articles
The oil stocks in the United States rose by 4,405 million barrels in the week ending Friday (14), as pointed out by the country's Department of Energy (DoE) on Wednesday (19). The result contradicted the projection of economists consulted by the Wall Street Journal, who expected a drop of 1.6 million barrels. With the advance, the oil stocks totaled 428,815 million barrels. According to DoE, the gasoline stocks rose by 688 thousand barrels - to …
EIA Shows Crude Oil Inventories Still Rising
Crude oil inventories in the United States saw a massive increase of 4.4 million barrels during the week ending August 14, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 428.8 million barrels, according to government data, which is now right about at the five-year average for this time of year. The EIA’s data release follows API’s figures that were r…
US crude oil inventories rose by 4.4 million barrels last week.
US Crude Oil Inventories Surge By 4.4M Barrels, Defying Analyst Expectations For A Draw
BitcoinWorld US Crude Oil Inventories Surge by 4.4M Barrels, Defying Analyst Expectations for a Draw US crude oil inventories posted a substantial build of 4.405 million barrels for the week ending August 14, sharply contrasting with market forecasts that had anticipated a draw of 0.6 million barrels, according to the latest data from the Energy Information Administration (EIA). Market Reaction to the Unexpected Supply Build The significant inv…
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