US Crude Stockpiles Rise Amid Low Refinery Output, Fuel Inventories Fall
Crude inventories climb by 4.6 million barrels while gasoline and distillate stocks dip as refinery maintenance and extreme cold weather impact supply U.S. crude oil inventories saw an unexpected rise last week, while gasoline and distillate stockpiles fell, according to the latest report from the Energy Information Administration (EIA). The data, released on Thursday, revealed that crude stockpiles increased by 4.6 million barrels to 432.5 million barrels during the week ending February 14. This marked a significant deviation from analysts’ expectations, which had forecast a smaller build of 3.1 million barrels. At the same time, fuel inventories dropped due to … Continue reading US Crude Stockpiles Rise Amid Low Refinery Output, Fuel Inventories Fall
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