Reported 3 days ago
The Energy Information Administration (EIA) reported a rise in U.S. crude stocks by 515,000 barrels to 442.9 million barrels, despite a significant increase in crude exports to 5.1 million barrels per day. Meanwhile, gasoline inventories fell by 2 million barrels and distillate stocks declined by 1.9 million barrels, highlighting a complex relationship between crude supply and fuel inventory levels. Net imports of U.S. crude also dropped, while refinery utilization rates decreased.
Source: YAHOO