Open Demo Account
Home / Market Update / Commodities / U.S. Oil Inventories Rise for Ninth Week in Row

U.S. Oil Inventories Rise for Ninth Week in Row

M. Ali 21 July, 2021 8:01 pm Commodities, Market Update

Crude oil inventories in the United States continued to increase for the ninth consecutive week, adding 2.1 million barrels in the week ending July 16, according to official figures released on Wednesday.

The U.S. Energy Information Administration (EIA) reported a decline in gasoline stockpiles by 100,000 barrels, while distillate inventories decreased by 1.3 million barrels.

Tags

Check Also

U.S. Retail Sales Stall in October as Higher-Income Spending Offsets Cost-of-Living Pressures

U.S. retail sales were unexpectedly flat in October, though consumer spending appears to have remained …

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