EIA Confirms US Crude Oil Inventories Are Rising

EIA Confirms US Crude Oil Inventories Are Rising

Crude oil inventories in the United States increased by 3.5 million barrels during the week ending October 10, after gaining 3.7 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The increase brings commercial stockpiles to 423.8 million barrels according to government data, which is still 4% below the five-year average for this time of year. The EIA’s data releas…

Week in Review – Bearish Momentum Builds as Crude and Diesel Extend Weekly Declines - Mansfield Energy

Crude and diesel futures extended their downward trend this week, continuing a slide that began in late September. Front-month contracts for both remain under bearish pressure, driven by a combination of macroeconomic uncertainty, global trade friction, and shifting supply fundamentals. Ongoing U.S.–China tariff tensions, regional U.S. bank write-offs, and broader concerns about economic growth have all weighed on sentiment, pushing markets into…

USA Crude Oil Stocks Rise Week on Week

Crude oil stocks, not including the SPR, stood at 423.8 million barrels on October 10, the EIA's latest weekly petroleum status report showed.

US Crude Stocks Climb as Refining Utilization Tumbles, EIA Says - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – U.S. crude stocks rose more than expected last week as refining utilization dropped sharply to its lowest in eight months, data from the Energy Information Administration showed on Thursday. Crude inventories increased by 3.5 million barrels to 423.8 million barrels in the week ended October 10, the EIA said, compared with analysts’ expectations ...

Oil inventories are defying forecasts

U.S. crude oil inventories climbed for a third straight week, rising 3.5 million barrels to 423.8 million, The Wall Street Journal writes.  The increases were contrary to analyst expectations for a decline, the Energy Information Administration said. The increase came as refinery utilization dropped sharply to 85.7% from 92.4%, outweighing lower imports and higher exports.  Oil stored in the Strategic Petroleum Reserve also rose slightly to 407.…

United States EIA Crude Oil Stocks Change came in at 3.524M, above forecasts (0.12M) in October 10

United States EIA Crude Oil Stocks Change came in at 3.524M, above forecasts (0.12M) in October 10