US crude inventories rise nearly 8 million barrels

Economies.com
2020-05-28 15:20PM UTC

The US Energy Information Administration (EIA) showed today that the US crude inventories rose by 7.9 million barrels to reach a total of 534.4 million barrels during the past week, beating forecasts of a drop by 2 million.

 

The gasoline stockpiles fell by 700,000 barrels to a total of 255 million, while distillate stockpiles rose by 5.5 million barrels to a total of 164.3 million.

 

While the American Petroleum Institute (API) showed yesterday in preliminary data that inventories rose by 8.7 million barrels during same period.

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