- Analytics
- News and Tools
- Market News
- EIA’s report reveals a much-bigger-than-expected increase in U.S. crude oil inventories
EIA’s report reveals a much-bigger-than-expected increase in U.S. crude oil inventories
The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories climbed by 7.664 million barrels in the week ended March 6. Economists had forecast an advance of 2.266 million barrels.
At the same time, gasoline stocks declined by 5.048 million barrels, while analysts had expected a drop of 2.482 million barrels. Distillate stocks fell by 6.404 million barrels, while analysts had forecast a decrease of 1.911 million barrels.
Meanwhile, oil production in the U.S. reduced by 100,000 barrels a day to 13.0000 million barrels a day.
U.S. crude oil imports averaged 6.4 million barrels per day last week, up by 174,000 thousand barrels per day from the previous week.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
