Investing.com - U.S. oil stockpiles rose much less than the market was expecting last week, the Energy Information Administration reported Thursday. The report comes a day late due to Monday’s federal holiday.
rose by 414,000 barrels for the week ended Feb. 14, the EIA said. That compared with expectations for a build of 2.5 million barrels, according to forecasts compiled by Investing.com.
dropped unexpectedly by about 2 million barrels, versus forecasts for a rise of 435,000 barrels. declined by 636,000 barrels, compared with expectations for a drawdown of 1.46 million barrels.
- were up 2% at their highest in nearly four weeks. They were up about 1.6% before the inventory numbers came out.
