The U.S. Energy
Information Administration (EIA) revealed on Wednesday that crude inventories rose
by 2.032 million barrels in the week ended September 4. Economists had forecast
a decrease of 1.335 million barrels.
At the same
time, gasoline stocks dropped by 2.954 million barrels, while analysts had
expected a decline of 2.384 million barrels. Distillate stocks fell by 1.675
million barrels, while analysts had forecast a drop of 0.557 million barrels.
Meanwhile, oil
production in the U.S. increased by 300,000 barrels a day to 10.000 million
barrels a day.
U.S. crude oil
imports averaged 5.4 million barrels per day last week, increased by 0.5
million barrels per day from the previous week.