• EIA’s report reveals much- bigger-than-anticipated increase in U.S. crude oil inventories

Notícias do Mercado

6 novembro 2019

EIA’s report reveals much- bigger-than-anticipated increase in U.S. crude oil inventories

The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories increased by 7.929 million barrels in the week ended November 1. Economists had forecast a gain of 2.000 million barrels.

At the same time, gasoline stocks declined by 2.828 million barrels, while analysts had expected a drop of 2.000 million barrels. Distillate stocks reduced by 0.622 million barrels, while analysts had forecast a decrease of 1.250 million barrels.

Meanwhile, oil production in the U.S. was unchanged at 12.600 million barrels a day.

U.S. crude oil imports averaged 6.1 million barrels per day last week, down by 620,000 barrels per day from the previous week.

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