Oil tanks
US crude oil inventories grew by 3.2 million barrels in the week ended March 22, against expectations for a decrease of 1.2 million barrels.
Elsewhere, gasoline stocks gained 1.3 million barrels, contrary to forecasts for a 1.7-million-barrel drop, marking the first increase after seven straight weeks of decline.
Meanwhile, distillate stocks, which include diesel and heating oil, shed about 1.2 million barrels, although estimates had suggested a rise of 100,000 barrels.
US Crude & Derivatives Inventories (mln barrels)
Type
Last Year
Last Week
Current
Weekly Change
Crude oil
473.7
445.0
448.2
+3.2
Gasoline
226.7
230.8
232.1
+1.3
Distillates
116.7
118.5
117.3
(1.2)
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/article/articledetail/id/1715924
