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Oil Stockpile Jumped 4.6 Million Barrels Last Week: EIA By Investing.com

by Mike Robinson

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© Reuters.

The Energy Information Administration announced Wednesday that U.S. crude oil stocks unexpectedly rose in the last week.

rose 4.578 million barrels last week, compared with analysts’ expectations for a draw of 1.652 million barrels.

According to the EIA, stockpiles which includes diesel and rose 385,000 barrels against the expectations for a draw in excess of 1.648 millions barrels.

The EIA reported that inventories rose 193,000 barrels last Friday, in contrast to expectations of an increase of 1.4 Million barrels.

 

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