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  • EIA’s report shows a bigger-than-anticipated build in U.S. weekly crude oil inventories
Ekonomické zprávy
10.04.2024

EIA’s report shows a bigger-than-anticipated build in U.S. weekly crude oil inventories

The U.S. Energy Information Administration (EIA) reported on Wednesday that crude inventories climbed by 5.841 million barrels in the week ended April 5, following a jump of 3.210 million barrels in the previous week. This marked the third straight weekly advance in the U.S. crude inventories. Economists had foreseen a build of 2.366 million barrels.

At the same time, gasoline stocks advanced by 0.715 million barrels. Analysts had predicted a fall of 1.320 million barrels. The previous week saw a plunge of 4.256 million barrels.

Elsewhere, distillate stocks increased by 1.659 million barrels, recording the first gain in three weeks, the pace of which was also the strongest since the week ended Jan 12 (+2.370 million barrels). Analysts had forecast a draw of 1.153 million barrels. The previous week saw a decline of 1.268 million barrels.

Meanwhile, oil production in the U.S. remained unchanged at 13.100 million barrels per day.

U.S. crude oil imports averaged 6.4 million barrels per day last week, logging a decrease of 183,000 barrels per day from the week before.

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