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U.S. Oil Stockpiles Rose 1.1 Million Barrels Last Week: EIA -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.comAccording to the Energy Information Administration, U.S. oil inventories rose during the week ended September 30, reversing previous expectations that they would fall.

The crude oil inventories increased by 1.121million barrels last week, in contrast to analysts’ expectations of an increase of 1.572million barrels.

According to the EIA, distillate stocks, which include diesel and, decreased by 1.552m barrels per week, compared with expectations for a draw in excess of 1.463million barrels.

The EIA reported that gasoline inventories fell by 1.331 Million barrels last week, which is lower than the 0.550 million barrels expected.

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