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Tag Archives: crude stocks

U.S. crude oil stocks build on strong output despite import drop – EIA

NEW YORK – U.S. crude oil inventories rose for a sixth straight week as domestic production increased, outweighing a drop in imports to the lowest level since 1991, data from the Energy Information Administration showed on Wednesday. Crude inventories rose 2.8 million barrels in the week to Oct. 30, in line with analysts’ expectations in a Reuters poll. U.S. crude ...

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Oil at three-week low on builds; gasoline draw offsets some loss

NEW YORK – Oil prices hit three-week lows on Wednesday on worries over rising U.S. crude stockpiles, although a larger-than-expected drawdown in gasoline and distillates tempered the market’s bearish sentiment. U.S. crude oil inventories rose 8 million barrels last week, the government-run Energy Information Administration (EIA) reported. [EIA/S] The build was more than double the 3.9 million barrels forecast by ...

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U.S. fuel stocks rise, driving prices lower despite big crude draw

NEW YORK – U.S. crude oil stockpiles fell sharply last week as imports tumbled, while gasoline and distillate inventories rose despite a reduction in refinery runs, data from the Energy Information Administration showed on Wednesday. Crude inventories fell 5.5 million barrels in the week to Aug. 21, the biggest one-week decline since early June and counter to analysts’ expectations for ...

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