Investing.com - US crude stockpiles grew by less than half of forecast levels while gasoline and distillate balances saw modest changes as well in one of the least consequential weekly inventory reports for the year, released on Wednesday by the government.rose by 0.773 million barrels during the week ended Oct 20, the Energy Information Administration, or EIA, said in its Weekly Petroleum Status Report.
Exports of crude, usually one of the bright spots in the weekly inventory report, was uneventful too, with 4.897M barrels per day cited for last week versus the prior week’s daily export rate of 4.833M. Cushing storage levels have dropped drastically this year, prompting concerns they might reach such critical lows to complicate operations at the storage hub.