Commodities and Futures News
US crude oil inventories rose unexpectedly last week
2022.07.07 18:30
US crude oil inventories rose unexpectedly last week, according to the Energy Information Administration. The unexpected spike could stoke fears about demand.
Crude oil inventories jumped 8.2 million barrels against expectations for a draw of 1.04 million barrels. The data were released Thursday, a day later than normal because of the U.S. market holiday earlier this week.
Distillate stocks declined by 1.266 million barrels. The expectation had been for a build of 1.133 million barrels.
Gasoline inventories dropped 2.497 million barrels against expectations for a draw of 0.480 million barrels.
