Open Demo Account
Home / Market Update / Commodities / US Crude Oil Inventories Surge by 15.2 M Barrels

US Crude Oil Inventories Surge by 15.2 M Barrels

M. Ali 9 December, 2020 10:44 pm Commodities, Market Update

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

Oil stockpiles went up by 15.2 million barrels in the week to December 4, reaching a total of 503.2 million barrels.

This is the largest rise in crude oil inventories since April.

Tags

Check Also

Major FX Firms as Dollar Slips Ahead of GDP, PCE; Yen Jumps on Japan Intervention Warning

Major currencies edged higher against the U.S. dollar on Tuesday as the greenback softened in …

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