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US crude inventories rise over 1 million barrels - EIA
The US Energy Information Administration (EIA) showed today that the US crude inventories fell 1.6 million barrels to reach a total of 494.4 million barrels during the past week, missing analysts' forecasts of a drop by 4 million barrels.
The gasoline stockpiles fell 4 million barrels to a total of 227.5 million, and distillate stockpiles fell 3.4 million barrels to a total of 175.9 million.
While the American Petroleum Institute (API) showed yesterday in preliminary data that inventories rose around 691,000 barrels during same period.
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