Investing.com – The U.S. Oil Stockpiles increased by an unanticipatedly high amount during the week ended Thursday, according to the Energy Information Administration.
Analysts expected a gain of 702,000 barrels in crude oil inventories, but they were up by 6.088million barrels.
According to the EIA, distillate stocks, which include diesel, decreased by 24,000 barrels per week, compared with expectations for a draw in excess of 933,000 barrels.
The EIA reported that gasoline inventories decreased by 1.958million barrels last week, which is lower than the 83,000 barrels expected.
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