U.S. crude inventories climb by 8.38 million barrels to 494.9 million in the week to January 22

Market news

27 January 2016

U.S. crude inventories climb by 8.38 million barrels to 494.9 million in the week to January 22

The U.S. Energy Information Administration (EIA) released its crude oil inventories data on Wednesday. U.S. crude inventories increased by 8.38 million barrels to 494.9 million in the week to January 22.

Analysts had expected U.S. crude oil inventories to rise by 3.3 million barrels.

Gasoline inventories increased by 3.5 million barrels, according to the EIA.

Crude stocks at the Cushing, Oklahoma, declined by 771,000 barrels.

U.S. crude oil imports decreased by 69,000 barrels per day.

Refineries in the U.S. were running at 87.4% of capacity, down from 90.6% the previous week.

European Central Bank Executive Board member Benoît Cœuré: Eurozone’s countries should use fiscal space to boost the economic growth in the Eurozone

U.S.: Crude Oil Inventories, January 8.383 (forecast 3.3)

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