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Oil Stockpiles Rose By 3.291M Barrels Last Week: EIA

Commodities Nov 03, 2021 14:40
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By Sam Boughedda

Investing.com -- U.S. oil stockpiles increased by more than expected in the latest week, the Energy Information Administration said on Wednesday.

Crude inventories rose by 3.291 million barrels last week, compared with analysts' expectations for a build of 2.225 million barrels.

Distillate stockpiles, which include diesel and heating oil, rose by 2.16 million barrels in the week against expectations for a draw of 1.443 million barrels, the EIA data showed.

Gasoline inventories fell by 1.488m barrels last week, the EIA said, compared with expectations for a draw of 1.333 million barrels.

Oil Stockpiles Rose By 3.291M Barrels Last Week: EIA
 

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