News Formal

U.S. crude stocks rise unexpectedly on emergency reserve release

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. crude inventories rose by three million barrels in the last week to 462.6 million barrels

U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.

Crude inventories rose by 3 million barrels in the last week to 462.6 million barrels, compared with analysts’ expectations in a Reuters poll for a 0.9 million-barrel drop. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 397,000 barrels in the week to May 5, EIA said.Refinery utilization rates rose by 0.3 percentage points in the week.

U.S. gasoline stocks fell by 3.2 million barrels in the week to 219.7 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.2 million-barrel drop. Distillate stockpiles, which include diesel and heating oil, fell by 4.2 million barrels in the week to 106.2 million barrels, versus expectations for a 0.8 million-barrel drop, the EIA data showed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Global shares decline ahead of reportsGlobal shares mostly fell Tuesday as investors took a wait-and-see view on the week ahead, including stubbornly high inflation across the economy.
Source: CTVNews - 🏆 1. / 99 Read more »