U.S. Oil Inventories Rose by 4.5 Million Barrels Last Week: EIA

2022.08.03 17:50

By Liz Moyer

Investing.com — U.S. crude oil inventories unexpectedly jumped last week, according to the Energy Information Administration.

Crude oil inventories rose 4.467 million barrels against expectations for a draw of 0.629 million barrels.

Distillate stocks declined by 2.4 million barrels. The expectation had been for a build of 1.038 million barrels.

Gasoline inventories rose by 0.163 million barrels against expectations for a draw of 1.614 million barrels.

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