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U.S. Oil Stockpiles Grew By 1.017 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 stocks rose more than anticipated last week.

According to the EIA, crude oil stocks increased by 1.01 million barrels in the last week. This cIt was in line with analyst expectations of a draw at 481,000 barrels.

The EIA data revealed that distillate stocks, which includes diesel, fell by 1.968million barrels last week, against the expectations of a draw at 1.002 million barrels.

The EIA reported that gasoline inventories saw a draw in 603,000 barrels last Wednesday, which was lower than the expectations of a draw at 461,000 barrels.

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