Crude oil inventory rises

U.S. crude oil inventories increased by 7.3 million barrels in the week ending Nov. 21, the U.S. Energy Information Administration said Wednesday.

Crude inventories rose from 313.5 million barrels to 320.8 million barrels, with supplies remaining in the upper half of the average range for this time of year, EIA reported.

Gasoline inventories rose by 1.9 million barrels to 200.5 million barrels, while supplies of distillate fuels, which includes heating oil, dropped slightly from 126.9 million barrels to 126.7 million barrels.

Finished gasoline and gasoline blending components inventories also increased during the week, EIA reported.

You must sign in to comment