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Oil Stockpile Increased an Unexpected 4.35 Million Barrels: EIA

Published 22/01/2021, 15:53
Updated 22/01/2021, 16:04
© Reuters.

© Reuters.

Investing.com -- Oil stockpiles unexpectedly rose last week, according to the latest U.S. government data.

Crude inventories rose 4.35 million barrels, against expectations for a draw of 1.16 million barrels, the Energy Information Administration said Friday.

The data release was delayed this week because of the U.S. holiday.

Gasoline inventory fell 260,000 barrels, compared to expectations for a build of 2.77 million barrels. Distillate stocks  rose 458,000 barrels.

Refinery crude runs rose 110,000 barrels, and the refinery utilization rate was 0.5%.

 

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