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- EIA’s report reveals a surprise increase in U.S. crude oil inventories
EIA’s report reveals a surprise increase in U.S. crude oil inventories
The U.S. Energy
Information Administration (EIA) revealed on Wednesday that crude inventories
increased by 1.058 million barrels in the week ended September 13. Economists
had forecast a drop of 2.250 million barrels.
At the same
time, gasoline stocks rose by 0.781 million barrels, while analysts had
expected a decline of 0.750 million barrels. Distillate stocks grew by 0.437
million barrels, while analysts had forecast an advance of 0.500 million
barrels.
Meanwhile, oil
production in the U.S. was unchanged at 12.400 million barrels a day.
U.S. crude oil
imports averaged 7.1 million barrels per day last week, up by 326,000 barrels
per day from the previous week.
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