Open Demo Account
Home / Market Update / Commodities / U.S. Oil Stockpiles Rise by 3.5 M Barrel in Week

U.S. Oil Stockpiles Rise by 3.5 M Barrel in Week

M. Ali 7 April, 2021 8:23 pm Commodities, Market Update

Crude oil inventories in the United States declined by 3.5 million barrels last week, data by the Energy Information Administration (EIA) showed on Wednesday.

Oil stockpiles reached 501.8 million barrels for the week ended on April 2, according to the EIA’s weekly report.

Meanwhile, gasoline inventories increased by 4 million barrels to 230.5 million barrels, as refineries recovered strongly from recent disruptions.

Distillate inventories also rose by 1.5 million barrels to reach 144.1 million barrels.

Tags

Check Also

Meta’s Earnings Loom as Options Traders Brace for Volatility

Meta Platforms heads into its latest earnings report with investors weighing strong fundamentals against technical …

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