U.S. Oil Inventories Jumped by 9.9 Million Barrels Last Week: EIA

By Liz Moyer

Investing.com — U.S. crude oil inventories spiked by more than expected last week, according to the Energy Information Administration.

rose by 9.88 million barrels against expectations for a build of 1.75 million barrels.

stocks declined by 4.853 million barrels. The expectation had been for a draw of 2.05 million barrels.

inventories rose by 2.023 million barrels against expectations for a draw of 1.825 million barrels.

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