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EIA: U.S. crude oil inventories increased last week

 Last Update: 2022-11-04
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On October 26, the US Energy Information Administration (EIA) released an inventory report showing that U.
S.
crude oil and distillate inventories increased and gasoline inventories fell in
the week ended October 21.
U.
S.
crude inventories rose by 2.
6 million barrels to 440 million barrels in the week ended Oct.
21, compared with analysts' expectations of an increase of 1 million barrels
, the report showed.
Crude inventories at the Cushing, Okayoma, warehouse alone added 667,000 barrels
that week.

Refinery crude processing fell 114,000 b/d last week, and refinery capacity utilization fell 0.
6 percentage points
, the EIA said.

U.
S.
gasoline inventories fell by 1.
5 million barrels to 210 million barrels in the week ended Oct.
21, compared with analysts' expectations of a decline of 805,000 barrels
, the EIA report showed.
Distillate inventories, including diesel and heating oil, rose by 170,000 barrels to 110 million barrels for the week, compared with an expected decrease of 1.
1 million barrels
.
In addition, the EIA said net U.
S.
crude imports fell by 719,000 b/d
.

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U.S. EIA crude inventories unexpectedly surged by nearly 19 million barrels last week, the third-largest increase in history, and oil prices still rose more than 3% intraday

02-01

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EIA: U.S. crude oil inventories increased last week

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U.S. EIA crude inventories unexpectedly surged by nearly 19 million barrels last week, the third-largest increase in history, and oil prices still rose more than 3% intraday