U.S. Oil Stockpiles Jumped by 9.4 Million Barrels Last Week: EIA

2022.04.13 17:46

By Sam Boughedda

Investing.com — U.S. oil stockpiles rose by more than expected in the latest week, the Energy Information Administration said on Wednesday.

Crude inventories rose 9.382 million barrels last week, compared with analysts’ expectations for a build of 0.863 million barrels.

Distillate stockpiles, which include diesel and heating oil, declined by 2.902 million barrels in the week against expectations for a draw of 0.515 million barrels, the EIA data showed.

Gasoline inventories dropped by 3.649 million barrels last week, the EIA said, compared with expectations for a draw of 0.388 million barrels.

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