Notizie economiche
27.03.2024

EIA’s report shows a surprise increase in U.S. weekly crude oil inventories

The U.S. Energy Information Administration (EIA) reported on Wednesday that crude inventories climbed by 3.165 million barrels in the week ended March 22, following a fall of 1.952 million barrels in the previous week. This marked the first weekly gain in the U.S. crude inventories in three weeks. Economists had predicted a drop of 1.275 million barrels.

At the same time, gasoline stocks jumped by 1.299 million barrels, recording the first advance in eight weeks. Analysts had predicted a draw of 1.650 million barrels. The previous week saw a plunge of 3.310 million barrels.

Elsewhere, distillate stocks fell by 1.185 million barrels, recording the first decrease in three weeks. Analysts had expected a build of 0.518 million barrels. The previous week witnessed a rise of 0.624 million barrels.

Meanwhile, oil production in the U.S. held steady at 13.100 million barrels per day.

U.S. crude oil imports averaged 6. million barrels per day last week, logging an increase of 424,000 barrels per day from the week before.

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