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U.S. Crude Stockpile Unexpectedly Rose 1.9 Million Barrels Last Week: EIA

Published 24/03/2021, 14:23
Updated 24/03/2021, 14:35
© Reuters.

© Reuters.

By Liz Moyer

Investing.com -- U.S. oil stockpiles unexpectedly rose in the latest week, the Energy Information Administration said on Wednesday.

Crude oil inventories jumped 1.912 million barrels last week, compared with analysts' expectations for a draw of 272,000 barrels.

Distillate stockpiles, which include diesel and heating oil, jumped 3.806 million barrels in the week against expectations for a draw of 122,000 barrels, the EIA data showed.

Refinery crude runs  were 956,000 barrels. The weekly refinery utilization rate was 5.5%, according to the EIA report.

Gasoline inventories rose 203,000  barrels last week the EIA said, compared with expectations for a 1.186 million-barrel build.

 

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