U.S. Oil Stockpiles Rose by 692,000 Barrels Last Week: EIA

2022.04.27 17:57

By Sam Boughedda

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

Crude oil inventories increased by 0.692 million barrels last week, compared with analysts’ expectations for a build of 2.000 million barrels.

Distillate stockpiles, which include diesel and heating oil, decreased by 1.449 million barrels in the week against expectations for a draw of 0.292 million barrels, the EIA data showed.

Gasoline inventories dropped by 1.573 million barrels last week, the EIA said, compared with expectations for a build of 0.808 million barrels.

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