Replies to post #5204 on Oil & Gas - Energy - Commodities - Resources (OILBRENT)

[DiscoverGold]

Updated: Oil Stockpiles Soared By 21.5 Million Barrels: EIA
By: Liz Moyer | March 3, 2021

Investing.com -- U.S. oil stockpiles spiked far more than expected in the latest week, the Energy Information Administration said on Wednesday.

Crude oil inventories soared 21.5 million barrels last week, compared with analysts' expectations for a draw of 928,000 barrels.

Distillate stockpiles, which include diesel and heating oil, fell 9.7 million barrels in the week against expectations for a draw of 3.03 million barrels, the EIA data showed.

Refinery crude runs fell 2.3 million barrels. The weekly refinery utilization rate was down 12.6%, according to the EIA report.

Gasoline inventories fell 13.6 million barrels last week the EIA said, compared with expectations for a 2.3 million-barrel draw.

Read Full Story »»»

DiscoverGold

Click on "In reply to", for Authors past commentaries