Financial News: U.S. Crude Oil Inventories Jump Much More Than

U.S. Crude Oil Inventories Jump Much More Than Expected

03/18/2026 - 10:35:00 (RTTNews)

(RTTNews) - A report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. jumped by much more than expected in the week ended March 13th.

The EIA said crude oil inventories shot up by 6.2 million barrels last week after climbing by 3.8 million barrels in the previous week. Economists had expected crude oil inventories to inch up by 0.4 million barrels.

At 449.3 million barrels, U.S. crude oil inventories remain about 1 percent below the five-year average for this time of year, the EIA said.

Meanwhile, the report said gasoline inventories slumped by 5.4 million barrels last week but are still 3 percent above the five-year average for this time of year.

Distillate fuel inventories, which include heating oil and diesel, also fell by 2.5 million barrels last week and are about 3 percent below the five-year average for this time of year, the EIA said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Crude Oil Inventories Jump Much More Than Expected (01 hr(s), 21 min(s), 53 sec(s) ago)
(RTTNews) - A report released by the Energy Information Administration on Wednesday showed crude o ...Full Story»

U.S. Factory Orders Inch Up In Line With Estimates In January (01 hr(s), 33 min(s), 53 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Wednesday showed a slight increase in ...Full Story»

U.S. Producer Prices Climb 0.7% In February, Much More Than Expected (01 hr(s), 47 min(s), 53 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by much more than expected in the month of Febru ...Full Story»

Bank Of Canada Leaves Interest Rates Unchanged For Third Straight Meeting (01 hr(s), 56 min(s), 53 sec(s) ago)
(RTTNews) - The Bank of Canada on Wednesday announced its widely expected decision to leave intere ...Full Story»

South Africa Retail Sales Growth Rebounds In January (02 hr(s), 34 min(s), 53 sec(s) ago)
(RTTNews) - South Africa's retail sales growth quickened in January after easing in the previo ...Full Story»

U.S. Producer Prices Climb Much More Than Expected In February (03 hr(s), 21 min(s), 53 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by much more than expected in the month of Febru ...Full Story»

Malta HICP Inflation Remains Stable At 2.3% (03 hr(s), 40 min(s), 53 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation held steady in February, data from the National St ...Full Story»

Portugal Producer Prices Fall 3.5% (03 hr(s), 59 min(s), 53 sec(s) ago)
(RTTNews) - Portugal's producer prices continued their declining trend in February, figures fr ...Full Story»