The U.S. Energy
Information Administration (EIA) revealed on Wednesday that crude inventories
increased by 2.412 million barrels in the week ended September 20. Economists
had forecast a drop of 0.600 million barrels.
At the same
time, gasoline stocks rose by 0.519 million barrels, while analysts had
expected a decline of 0.564 million barrels. Distillate stocks reduced by 2.978
million barrels, while analysts had forecast a decrease of 0.400 million
barrels.
Meanwhile, oil
production in the U.S. increased by 100,000 barrels a day to 12.500 million
barrels a day.
U.S. crude oil
imports averaged 6.4 million barrels per day last week, down by 672,000 barrels
per day from the previous week.
Raw materials | Closed | Change, % |
---|---|---|
Brent | 61.39 | -3.23 |
WTI | 56.65 | -2.9 |
Silver | 18.58 | -0.16 |
Gold | 1531.096 | 0.6 |
Palladium | 1671.3 | 1.18 |