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U.S. oil inventories rose by 10.23 million barrels last week: EIA 

AuthorBarani Krishnan
Published 12/14/2022, 10:29 AM
Updated 12/14/2022, 10:35 AM
© Reuters.

Investing.com -- U.S. crude oil inventories rose unexpectedly last week, versus forecasts for drawdown, data from the Energy Information Administration (EIA) showed.

Crude inventories rose by 10.231 million barrels, against expectations for a draw of 3.595M barrels, the EIA said in its Weekly Petroleum Status Report for the week ended Dec. 9.

Gasoline inventories also rose more than expected, by 4.496M barrels, versus a forecast build of 2.714M barrels. 

Distillate stockpiles, meanwhile, rose by 1.364M barrels last week, compared with expectations for a build of 2.517M barrels. 

Latest comments

Continued evidence of no supply shortage as claimed by all the experts including the big shortfall of supply caused by the shut down of the keystone pipeline. People wake up all the negative is so the speculators can make big profits off your lack of kbowledge in investing.
Crude oil $ppb is trying to find Putin's age
Shouldnt this be bearish for the crude price? After the announcement its still only rising 🤔
 What do you mean?
They liberated more oil from the oil reserves. Since they observed huge draws last week and the week before, they decided to liberate again…
Or it's because retrumplican propaganda that Biden has been suppressing US crude production are lies.
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