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OIl Inventories Rose 2.396 Million Barrels Last Week: EIA

Published 2021-03-17, 10:20 a/m
© Reuters.
NYF
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By Liz Moyer

Investing.com -- U.S. oil stockpiles rose slightly below expectations in the latest week, the Energy Information Administration said on Wednesday.

Crude oil inventories increased 2.396 million barrels last week, compared with analysts' expectations for a build of 2.96 million barrels.

Distillate stockpiles, which include diesel and heating oil, rose 255,000 barrels in the week against expectations for a draw of 3.379 million barrels, the EIA data showed.

Refinery crude runs were 1.123 million barrels. The weekly refinery utilization rate was 7.1%, according to the EIA report.

Gasoline inventories rose 472,000 barrels last week the EIA said, compared with expectations for a 2.996 million-barrel draw.

 

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