Open Demo Account
Home / Market Update / Commodities / US Oil Inventories Rise by 2 M Barrels

US Oil Inventories Rise by 2 M Barrels

M. Ali 10 September, 2020 7:55 pm Commodities, Market Update

Crude oil inventories in the United States rose last week by 2 million barrels, as shown by the US Energy Information Administration (EIA) weekly report on Thursday.

The increase in oil stockpiles, which came against market expectations of a 1.3 million barrel decline, ended six consecutive weeks of inventories decline.

Tags

Check Also

Sterling Under Pressure as Global Tensions Lift the Dollar

The British Pound struggled to maintain momentum at the end of the week, hovering just …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends